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 January 23, 2026 was $16.84 and was higher than the top border of the primary price channel by $0.07 (0.42%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.92% per annum.
- IRT price at the close of January 23, 2026 was inside the secondary price channel.
- 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 = 3.8849
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(Y953)
= Exp(a + b × X953 + 2 × s)
= Exp(a + b × 1,381 + 2 × s)
= Exp(3.8849 + -0.0006 × 1,381 + 2 × 0.0398)
= Exp(3.0976)
= $22.15
Bottom border of price channel:
Exp(Y953)
= Exp(a + b × X953 – 2 × s)
= Exp(a + b × 1,381 – 2 × s)
= Exp(3.8849 + -0.0006 × 1,381 – 2 × 0.0398)
= Exp(2.9383)
= $18.88
December 10, 2025 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,780 + 2 × s)
= Exp(3.8849 + -0.0006 × 1,780 + 2 × 0.0398)
= Exp(2.8472)
= $17.24
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,780 – 2 × s)
= Exp(3.8849 + -0.0006 × 1,780 – 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 January 23, 2026 was $16.84 and was higher than the top border of the primary price channel by $0.07 (0.42%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 25, 2025
End date: January 21, 2026
a = 1.3596
b = 0.0008
s = 0.0189
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0189) – 1
= 7.86%
September 25, 2025 calculations
Top border of price channel:
Exp(Y1,173)
= Exp(a + b × X1,173 + 2 × s)
= Exp(a + b × 1,704 + 2 × s)
= Exp(1.3596 + 0.0008 × 1,704 + 2 × 0.0189)
= Exp(2.7955)
= $16.37
Bottom border of price channel:
Exp(Y1,173)
= Exp(a + b × X1,173 – 2 × s)
= Exp(a + b × 1,704 – 2 × s)
= Exp(1.3596 + 0.0008 × 1,704 – 2 × 0.0189)
= Exp(2.7198)
= $15.18
January 21, 2026 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(1.3596 + 0.0008 × 1,822 + 2 × 0.0189)
= Exp(2.8923)
= $18.04
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(1.3596 + 0.0008 × 1,822 – 2 × 0.0189)
= Exp(2.8166)
= $16.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.92% per annum.
- IRT price at the close of January 23, 2026 was inside the secondary price channel.