Independence Realty Trust (NYSE: IRT) is one of 42 publicly-traded companies in the “Residential REITs” industry, but how does it weigh in compared to its rivals? We will compare Independence Realty Trust to related companies based on the strength of its earnings, valuation, profitability, analyst recommendations, risk, institutional ownership and dividends.
Independence Realty Trust pays an annual dividend of $0.72 per share and has a dividend yield of 7.1%. 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 150.4% of their earnings in the form of a dividend. Independence Realty Trust is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.
Valuation & Earnings
This table compares Independence Realty Trust and its rivals top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Independence Realty Trust||$153.36 million||-$9.80 million||-38.96|
|Independence Realty Trust Competitors||$673.41 million||$325.74 million||15.16|
Independence Realty Trust’s rivals have higher revenue and earnings than Independence Realty Trust. Independence Realty Trust is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This table compares Independence Realty Trust and its rivals’ 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||20.47%||4.10%||1.59%|
Volatility & Risk
Independence Realty Trust has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500. Comparatively, Independence Realty Trust’s rivals have a beta of 0.51, meaning that their average share price is 49% less volatile than the S&P 500.
Insider and Institutional Ownership
65.5% of Independence Realty Trust shares are held by institutional investors. Comparatively, 76.3% 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, 7.2% of shares of all “Residential REITs” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
This is a breakdown of current recommendations for Independence Realty Trust and its rivals, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Independence Realty Trust||0||0||6||0||3.00|
|Independence Realty Trust Competitors||186||1218||1249||32||2.42|
Independence Realty Trust currently has a consensus price target of $10.80, suggesting a potential upside of 6.61%. As a group, “Residential REITs” companies have a potential upside of 6.25%. Given Independence Realty Trust’s stronger consensus rating and higher probable upside, analysts plainly believe Independence Realty Trust is more favorable than its rivals.
Independence Realty Trust rivals 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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