IRT Stock Summary and Trading Ideas (Independence Realty Trust | NYSE:IRT)

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.

Independence Realty Trust trades on the NYSE stock market under the symbol IRT.

As of September 9, 2026, IRT stock price declined to $15.23 with 12,471,270 million shares trading.

IRT has a beta of 0.28, meaning it tends to be less sensitive to market movements. IRT has a correlation of 0.03 to the broad based SPY ETF.

IRT has a market cap of $3.59 billion. This is considered a Mid Cap stock.

Last quarter Independence Realty Trust reported $167 million in Revenue and $.28 earnings per share. This fell short of revenue expectation by $-289,544 and met earnings estimates .

In the last 3 years, IRT traded as high as $22.26 and as low as $11.61.

The top ETF exchange traded funds that IRT belongs to (by Net Assets): VNQ, VTI, VB, VBR, VXF.

IRT has underperformed the market in the last year with a price return of -11.0% while the SPY ETF gained +18.7%. IRT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.6% and -8.7%, respectively, while the SPY returned +3.4% and -0.5%, respectively.

IRT support price is $15.69 and resistance is $16.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IRT shares will trade within this expected range on the day.