Independence Realty Trust Inc (IRT)
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust (REIT) focused on acquiring, owning, and managing multi-family residential properties in growth-oriented U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company strategically targets non-gateway markets, aiming to capitalize on increasing demand for affordable rental housing in the suburbs and secondary cities. With a strong portfolio and a commitment to enhancing the resident experience, IRT is well-positioned to benefit from favorable economic trends and demographic shifts within the multi-family housing sector.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.49% per annum.
- IRT price at the close of March 11, 2026 was $16.04 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.01% per annum.
- IRT price at the close of March 11, 2026 was lower than the bottom border of the secondary price channel by $0.05 (0.31%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of IRT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 26, 2024
End date: March 11, 2026
a = 3.5012
b = -0.0004
s = 0.0453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0453) – 1
= 19.89%
August 26, 2024 calculations
Top border of price channel:
Exp(Y869)
= Exp(a + b × X869 + 2 × s)
= Exp(a + b × 1,263 + 2 × s)
= Exp(3.5012 + -0.0004 × 1,263 + 2 × 0.0453)
= Exp(3.0905)
= $21.99
Bottom border of price channel:
Exp(Y869)
= Exp(a + b × X869 – 2 × s)
= Exp(a + b × 1,263 – 2 × s)
= Exp(3.5012 + -0.0004 × 1,263 – 2 × 0.0453)
= Exp(2.9091)
= $18.34
March 11, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.5012 + -0.0004 × 1,825 + 2 × 0.0453)
= Exp(2.8673)
= $17.59
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.5012 + -0.0004 × 1,825 – 2 × 0.0453)
= Exp(2.6860)
= $14.67
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.49% per annum.
- IRT price at the close of March 11, 2026 was $16.04 and was inside the primary price channel.
Secondary Trend
Start date: September 24, 2025
End date: March 11, 2026
a = 2.3074
b = 0.0003
s = 0.0258
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 11.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0258) – 1
= 10.89%
September 24, 2025 calculations
Top border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 + 2 × s)
= Exp(a + b × 1,657 + 2 × s)
= Exp(2.3074 + 0.0003 × 1,657 + 2 × 0.0258)
= Exp(2.8334)
= $17.00
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,657 – 2 × s)
= Exp(2.3074 + 0.0003 × 1,657 – 2 × 0.0258)
= Exp(2.7301)
= $15.33
March 11, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(2.3074 + 0.0003 × 1,825 + 2 × 0.0258)
= Exp(2.8815)
= $17.84
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.3074 + 0.0003 × 1,825 – 2 × 0.0258)
= Exp(2.7782)
= $16.09
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.01% per annum.
- IRT price at the close of March 11, 2026 was lower than the bottom border of the secondary price channel by $0.05 (0.31%). This indicates a possible reversal in the secondary trend direction.