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 20.48% per annum.
- IRT price at the close of February 13, 2026 was $16.35 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.80% per annum.
- IRT price at the close of February 13, 2026 was lower than the bottom border of the secondary price channel by $0.65 (3.84%). 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: November 6, 2024
End date: December 10, 2025
a = 3.8705
b = -0.0006
s = 0.0398
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -20.48%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0398) – 1
= 17.28%
November 6, 2024 calculations
Top border of price channel:
Exp(Y937)
= Exp(a + b × X937 + 2 × s)
= Exp(a + b × 1,358 + 2 × s)
= Exp(3.8705 + -0.0006 × 1,358 + 2 × 0.0398)
= Exp(3.0976)
= $22.15
Bottom border of price channel:
Exp(Y937)
= Exp(a + b × X937 – 2 × s)
= Exp(a + b × 1,358 – 2 × s)
= Exp(3.8705 + -0.0006 × 1,358 – 2 × 0.0398)
= Exp(2.9383)
= $18.88
December 10, 2025 calculations
Top border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 + 2 × s)
= Exp(a + b × 1,757 + 2 × s)
= Exp(3.8705 + -0.0006 × 1,757 + 2 × 0.0398)
= Exp(2.8472)
= $17.24
Bottom border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 – 2 × s)
= Exp(a + b × 1,757 – 2 × s)
= Exp(3.8705 + -0.0006 × 1,757 – 2 × 0.0398)
= Exp(2.6878)
= $14.70
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 20.48% per annum.
- IRT price at the close of February 13, 2026 was $16.35 and was inside the primary price channel.
Secondary Trend
Start date: September 24, 2025
End date: January 21, 2026
a = 1.4186
b = 0.0008
s = 0.0193
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0193) – 1
= 8.01%
September 24, 2025 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,680 + 2 × s)
= Exp(1.4186 + 0.0008 × 1,680 + 2 × 0.0193)
= Exp(2.7972)
= $16.40
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,680 – 2 × s)
= Exp(1.4186 + 0.0008 × 1,680 – 2 × 0.0193)
= Exp(2.7201)
= $15.18
January 21, 2026 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(1.4186 + 0.0008 × 1,799 + 2 × 0.0193)
= Exp(2.8921)
= $18.03
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(1.4186 + 0.0008 × 1,799 – 2 × 0.0193)
= Exp(2.8150)
= $16.69
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.80% per annum.
- IRT price at the close of February 13, 2026 was lower than the bottom border of the secondary price channel by $0.65 (3.84%). This indicates a possible reversal in the secondary trend direction.