IRT
Independence Realty Trust, Inc. Real Estate - Residential Investor Relations →
Independence Realty Trust, Inc. (IRT) closed at $15.82 as of 2026-06-19, trading 2.4% below its 200-week moving average of $16.21. This places IRT in the below line zone. The stock is currently moving closer to the line, down from 4.0% last week. The 14-week RSI sits at 51, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.01 ratio) is neutral — neither side is clearly dominating.
Over the past 622 weeks of data, IRT has crossed below its 200-week moving average 11 times. On average, these episodes lasted 12 weeks. Historically, investors who bought IRT at the start of these episodes saw an average one-year return of +28.3%.
With a market cap of $3.8 billion, IRT is a mid-cap stock. The company generates a free cash flow yield of 2.1%. Return on equity stands at 1.4%. The stock trades at 1.1x book value.
Share count has increased 5.9% over three years, indicating dilution.
Over the past 12 years, a hypothetical investment of $100 in IRT would have grown to $315, compared to $473 for the S&P 500. IRT has returned 10.0% annualized vs 13.8% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 7.3% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: IRT vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After IRT Crosses Below the Line?
Across 10 historical episodes, buying IRT when it crossed below its 200-week moving average produced an average return of +40.6% after 12 months (median +30.0%), compared to +28.8% for the S&P 500 over the same periods. 88% of those episodes were profitable after one year. After 24 months, the average return was +86.0% vs +48.1% for the index.
Each line shows $100 invested at the moment IRT crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices IRT would reach each dislocation threshold.
Dislocation Price Levels
Prices where IRT's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-29.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $12.92 | Unusually cheap — potential buy zone |
| Value | +1σ | $13.85 | Cheap vs. own history |
| Fair Value | +0σ | $14.91 | Historical mean behavior |
| Expensive | -1σ | $16.15 | Expensive vs. own history |
| Deep Expensive | -2σ | $17.61 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from IRT's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
IRT has crossed below its 200-week MA 11 times with an average 1-year return of +28.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2015 | May 2016 | 47 | 19.9% | +2.2% | +242.0% |
| Mar 2020 | Apr 2020 | 6 | 25.7% | +74.0% | +128.4% |
| May 2020 | May 2020 | 1 | 3.3% | +85.7% | +115.9% |
| Mar 2023 | Mar 2023 | 2 | 4.1% | +4.6% | +15.5% |
| Aug 2023 | Aug 2023 | 1 | 0.9% | +26.7% | +9.5% |
| Sep 2023 | May 2024 | 35 | 24.3% | +27.8% | +9.4% |
| May 2024 | May 2024 | 1 | 0.3% | +12.5% | +3.1% |
| Jun 2025 | Aug 2025 | 9 | 5.1% | -7.0% | -7.0% |
| Sep 2025 | Dec 2025 | 15 | 7.5% | N/A | -6.2% |
| Jan 2026 | Jun 2026 | 18 | 10.7% | N/A | -4.2% |
| Jun 2026 | Ongoing | 1+ | 2.4% | Ongoing | N/A |
| Average | 12 | — | +28.3% | — |
Frequently Asked Questions
Is IRT below its 200-week moving average?
Yes. As of 2026-06-19, Independence Realty Trust, Inc. (IRT) is trading 2.4% below its 200-week moving average of $16.21. The current price is $15.82.
What is IRT's 200-week moving average price?
Independence Realty Trust, Inc.'s 200-week moving average is $16.21 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when IRT drops below its 200-week moving average?
IRT has crossed below its 200-week moving average 11 times in our data. On average, buying at that moment produced a one-year return of +28.3%. These dips have historically been decent entry points. These episodes lasted 12 weeks on average.
Is IRT a good value right now?
Here's what our data says about IRT as of 2026-06-19: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 51. Free cash flow yield is 2.1%. Return on equity is 1.4%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does IRT compare to the S&P 500?
Over the past 12 years, $100 invested in IRT would have grown to $315, compared to $473 for the S&P 500. That's 10.0% annualized vs 13.8% for the index. IRT has underperformed the broader market over this period.
Does IRT pay a dividend?
Yes. Independence Realty Trust, Inc. currently pays a dividend yield of 419.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19