How to Buy Independence Realty Trust Stock
Independence Realty Trust Inc
Independence Realty Trust is a residential REIT company located in Pennsylvania, United States, which is part of the Real Estate sector, and is traded under the ticker IRT on the NYSE exchange.
Independence Realty Trust stock last closed at $15.86, up 1.28% from the previous day, and has increased 0.63% in one year. It has underperformed other stocks in the REIT - Residential industry by 0.01 percentage points. Independence Realty Trust stock is currently +36.61% from its 52-week low of $11.61, and -15.5% from its 52-week high of $18.77.
At the moment, there are 224.77M IRT shares outstanding. The market capitalization of IRT is $3.56B. In the past 24 hours, 1.73M IRT shares were traded.
How to Buy Independence Realty Trust Stock
Wondering how to invest in Independence Realty Trust stock? Here's how.
- Figure out where to buy Independence Realty Trust stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Independence Realty Trust stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Evaluate Independence Realty Trust stock: The Independence Realty Trust ticker symbol is IRT. Is Independence Realty Trust stock a good investment? Should you buy shares of IRT? How do IRT's underlying business fundamentals look? Do top analysts think Independence Realty Trust is a good buy? Why has IRT's stock price moved recently? (Hint: Our stock research website can help you evaluate if IRT is a good stock to buy).
- Execute your IRT purchase: Decide if you will purchase IRT shares at the current market price or use a limit order to buy IRT stock at a specific price.
- Get the latest news on your IRT investment: Create a watchlist to monitor your investment in Independence Realty Trust shares.
Step 1: Figure out where to buy Independence Realty Trust stock
You will need an online brokerage account in order to access the NYSE market and buy IRT shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Utilities, New York to London — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to invest in IRT stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best stock buying app, you can securely and quickly fund your account:
Check out the walkthrough below for more details transferring funds into your brokerage account.
Step 4: Evaluate Independence Realty Trust stock
After you have decided on the best place to buy Independence Realty Trust stock, it's critical to research their stock prior to buying, so you actually wrap your head around the risk as well as the upside.
Independence Realty Trust stock at a glance
IRT Fundamentals
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on IRT's stock page.
Is IRT stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IRT's intrinsic value.
Using relative valuations ratios:
- IRT could be undervalued based on its P/B ratio of 1.04x, relative to REIT - Residential industry P/B ratio of 2.29x
You can access additional valuation research on IRT's stock here.
Is IRT a healthy company?
Passed Financial Due Diligence Checks:
- Total IRT debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- IRT earnings of $72.69M is not enough to cover its interest payments.
- IRT's operating cash flow of $262.17M allows it to safely service it's debt of $2.55B.
- IRT profit margin has gone down from 18.7% to -2.6% in the past year.
- IRT has a relatively high debt to equity ratio of 0.79.
Do analysts think it's a good time to buy Independence Realty Trust stock
Out of 5 Equities analysts who monitor IRT, the consensus analyst rating on IRT is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Independence Realty Trust stock forecast page.
IRT Technical Indicators
IRT Earnings
Last year, IRT revenue was $660.98M. Over the past five year, IRT's revenue has increased by 28.15% per year. This was faster than the REIT - Residential industry average of 7.66%.
Dig into IRT's earnings and revenue performance here.
Who is buying/selling IRT?
Over the past 12 months, insiders at IRT have sold more shares than they have bought.
Jason R. Delozier, Chief Accounting Officer of IRT, was the latest IRT insider to sell. They sold $5,751.66 worth of IRT shares on Mar 2, 2024.
Dig into more about who owns IRT shares here.
Does IRT stock generate passive income?
Independence Realty Trust pays a dividend of 4.04%, compared to the REIT - Residential industry's average dividend yield of 4.12%. If you owned $1,000 worth of IRT stock, you would have received $40.35 in the past year.
Independence Realty Trust dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Independence Realty Trust dividend yield and history here.
What others are saying about IRT
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your IRT purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Click the Open button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your IRT investment
Now that you own some shares in IRT, you'll want to keep up with your new investment.
Create a watchlist to see the latest developments about your IRT stock.
IRT Feed
How to Buy Stock in Independence Realty Trust
To summarize, here are the 6 steps to buy stock in Independence Realty Trust:
- Figure out where to buy Independence Realty Trust stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Independence Realty Trust stock
- Execute your IRT purchase
- Get the latest news on your IRT investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Independence Realty Trust, create a watchlist today.
More Stock Buying Guides You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.