Head-To-Head Contrast: Independence Realty Trust (IRT) vs. The Competition
Independence Realty Trust (NYSE: IRT) is one of 45 public companies in the “Residential REITs” industry, but how does it compare to its competitors? We will compare Independence Realty Trust to similar companies based on the strength of its analyst recommendations, profitability, valuation, risk, earnings, dividends and institutional ownership.
This is a breakdown of current recommendations and price targets for Independence Realty Trust and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Independence Realty Trust||0||0||6||0||3.00|
|Independence Realty Trust Competitors||185||1228||1280||31||2.42|
Independence Realty Trust currently has a consensus target price of $10.80, indicating a potential upside of 3.75%. As a group, “Residential REITs” companies have a potential upside of 6.62%. Given Independence Realty Trust’s competitors higher possible upside, analysts clearly believe Independence Realty Trust has less favorable growth aspects than its competitors.
Independence Realty Trust pays an annual dividend of $0.72 per share and has a dividend yield of 6.9%. Independence Realty Trust pays out -276.9% of its earnings in the form of a dividend. As a group, “Residential REITs” companies pay a dividend yield of 3.5% and pay out 150.1% of their earnings in the form of a dividend. Independence Realty Trust is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Insider and Institutional Ownership
62.1% of Independence Realty Trust shares are held by institutional investors. Comparatively, 77.0% of shares of all “Residential REITs” companies are held by institutional investors. 0.6% of Independence Realty Trust shares are held by company insiders. Comparatively, 7.1% of shares of all “Residential REITs” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Volatility and Risk
Independence Realty Trust has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, Independence Realty Trust’s competitors have a beta of 0.52, indicating that their average stock price is 48% less volatile than the S&P 500.
This table compares Independence Realty Trust and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Independence Realty Trust||-10.91%||-3.08%||-1.28%|
|Independence Realty Trust Competitors||25.86%||5.47%||2.06%|
Valuation and Earnings
This table compares Independence Realty Trust and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Independence Realty Trust||$153.36 million||-$9.80 million||-40.04|
|Independence Realty Trust Competitors||$721.30 million||$355.95 million||11.71|
Independence Realty Trust’s competitors have higher revenue and earnings than Independence Realty Trust. Independence Realty Trust is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Independence Realty Trust competitors beat Independence Realty Trust on 9 of the 15 factors compared.
About Independence Realty Trust
Independence Realty Trust, Inc. is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets. As of September 26, 2017, the Company owns and operates 55 multifamily apartment properties, totaling 15,165 units. Its properties include Copper Mill, Crestmont, Heritage Trace, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, Carrington Park, Walnut Hill, Lenoxplace, Bennington Pond, Jamestown, Meadows, Oxmoor, Bayview Club, Arbors River Oaks, Fox Trails, Bridge Pointe, The Aventine Greenville and Westmont Commons.
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