Independence Realty Trust (NYSE: IRT) is one of 45 publicly-traded companies in the “Residential REITs” industry, but how does it contrast to its peers? We will compare Independence Realty Trust to similar businesses based on the strength of its valuation, dividends, risk, earnings, analyst recommendations, institutional ownership and profitability.
This table compares Independence Realty Trust and its peers’ 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||25.13%||5.37%||2.16%|
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 3.4% and pay out 143.7% of their earnings in the form of a dividend. Independence Realty Trust is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.
Volatility and Risk
Independence Realty Trust has a beta of 1.07, meaning that its stock price is 7% more volatile than the S&P 500. Comparatively, Independence Realty Trust’s peers have a beta of 0.56, meaning that their average stock price is 44% less volatile than the S&P 500.
Insider and Institutional Ownership
61.9% of Independence Realty Trust shares are owned by institutional investors. Comparatively, 77.0% of shares of all “Residential REITs” companies are owned by institutional investors. 0.6% of Independence Realty Trust shares are owned by insiders. Comparatively, 7.1% of shares of all “Residential REITs” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares Independence Realty Trust and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Independence Realty Trust||N/A||N/A||-39.04|
|Independence Realty Trust Competitors||$653.39 million||$367.19 million||2.80|
Independence Realty Trust’s peers have higher revenue and earnings than Independence Realty Trust. Independence Realty Trust is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current recommendations and price targets for Independence Realty Trust and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Independence Realty Trust||0||0||5||0||3.00|
|Independence Realty Trust Competitors||181||1215||1254||30||2.42|
Independence Realty Trust presently has a consensus target price of $10.80, indicating a potential upside of 6.40%. As a group, “Residential REITs” companies have a potential upside of 8.31%. Given Independence Realty Trust’s peers higher possible upside, analysts clearly believe Independence Realty Trust has less favorable growth aspects than its peers.
Independence Realty Trust peers beat Independence Realty Trust on 8 of the 14 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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