IRT
Independence Realty Trust, Inc. Real Estate - Residential Investor Relations →
Independence Realty Trust, Inc. (IRT) closed at $16.25 as of 2026-05-01, trading 0.2% below its 200-week moving average of $16.28. This places IRT in the below line zone. The stock moved further from the line this week, up from -3.1% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.02 ratio) is neutral — neither side is clearly dominating.
Over the past 615 weeks of data, IRT has crossed below its 200-week moving average 10 times. On average, these episodes lasted 13 weeks. Historically, investors who bought IRT at the start of these episodes saw an average one-year return of +33.4%.
With a market cap of $3.9 billion, IRT is a mid-cap stock. 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 11.8 years, a hypothetical investment of $100 in IRT would have grown to $324, compared to $454 for the S&P 500. IRT has returned 10.4% annualized vs 13.6% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 7.3% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +47.6% after 12 months (median +30.0%), compared to +29.6% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +99.5% vs +48.3% 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.
Historical Touches
IRT has crossed below its 200-week MA 10 times with an average 1-year return of +33.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2015 | May 2016 | 47 | 19.9% | +2.2% | +251.3% |
| Mar 2020 | Apr 2020 | 6 | 25.7% | +74.0% | +134.6% |
| May 2020 | May 2020 | 1 | 3.3% | +85.7% | +121.8% |
| Mar 2023 | Mar 2023 | 2 | 4.1% | +4.6% | +18.7% |
| Aug 2023 | Aug 2023 | 1 | 0.9% | +26.7% | +12.5% |
| Sep 2023 | May 2024 | 35 | 24.3% | +27.8% | +12.4% |
| May 2024 | May 2024 | 1 | 0.3% | +12.5% | +5.9% |
| Jun 2025 | Aug 2025 | 9 | 5.1% | N/A | -4.5% |
| Sep 2025 | Dec 2025 | 15 | 7.5% | N/A | -3.6% |
| Jan 2026 | Ongoing | 14+ | 10.7% | Ongoing | -1.6% |
| Average | 13 | — | +33.4% | — |
Frequently Asked Questions
Is IRT below its 200-week moving average?
Yes. As of 2026-05-01, Independence Realty Trust, Inc. (IRT) is trading 0.2% below its 200-week moving average of $16.28. The current price is $16.25.
What is IRT's 200-week moving average price?
Independence Realty Trust, Inc.'s 200-week moving average is $16.28 as of 2026-05-01. 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 10 times in our data. On average, buying at that moment produced a one-year return of +33.4%. These dips have historically been decent entry points. These episodes lasted 13 weeks on average.
Is IRT a good value right now?
Here's what our data says about IRT as of 2026-05-01: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 46. 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 11.8 years, $100 invested in IRT would have grown to $324, compared to $454 for the S&P 500. That's 10.4% annualized vs 13.6% 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 418.00%.
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 2026-05-01