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 28.80% per annum.
- IRT price at the close of October 23, 2025 was $16.31 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 50.49% per annum.
- IRT price at the close of October 23, 2025 was inside the secondary price channel.
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: February 10, 2025
End date: October 23, 2025
a = 4.4721
b = -0.0009
s = 0.0305
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0305) – 1
= 12.96%
February 10, 2025 calculations
Top border of price channel:
Exp(Y1,077)
= Exp(a + b × X1,077 + 2 × s)
= Exp(a + b × 1,568 + 2 × s)
= Exp(4.4721 + -0.0009 × 1,568 + 2 × 0.0305)
= Exp(3.0739)
= $21.63
Bottom border of price channel:
Exp(Y1,077)
= Exp(a + b × X1,077 – 2 × s)
= Exp(a + b × 1,568 – 2 × s)
= Exp(4.4721 + -0.0009 × 1,568 – 2 × 0.0305)
= Exp(2.9520)
= $19.14
October 23, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.4721 + -0.0009 × 1,823 + 2 × 0.0305)
= Exp(2.8366)
= $17.06
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.4721 + -0.0009 × 1,823 – 2 × 0.0305)
= Exp(2.7147)
= $15.10
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.80% per annum.
- IRT price at the close of October 23, 2025 was $16.31 and was inside the primary price channel.
Secondary Trend
Start date: August 27, 2025
End date: October 23, 2025
a = 6.2756
b = -0.0019
s = 0.0145
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -50.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0145) – 1
= 5.98%
August 27, 2025 calculations
Top border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 + 2 × s)
= Exp(a + b × 1,766 + 2 × s)
= Exp(6.2756 + -0.0019 × 1,766 + 2 × 0.0145)
= Exp(2.9029)
= $18.23
Bottom border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 – 2 × s)
= Exp(a + b × 1,766 – 2 × s)
= Exp(6.2756 + -0.0019 × 1,766 – 2 × 0.0145)
= Exp(2.8448)
= $17.20
October 23, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(6.2756 + -0.0019 × 1,823 + 2 × 0.0145)
= Exp(2.7931)
= $16.33
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(6.2756 + -0.0019 × 1,823 – 2 × 0.0145)
= Exp(2.7351)
= $15.41
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 50.49% per annum.
- IRT price at the close of October 23, 2025 was inside the secondary price channel.