If you are wondering whether Independence Realty Trust is attractively priced right now, you are not alone. This article focuses squarely on what you might be paying for each dollar of its fundamentals.
The share price last closed at US$16.60, with returns of a 0.6% decline over 7 days, a 4.0% decline over 30 days, a 5.7% decline year to date and a 13.4% decline over 1 year, compared with a 34.4% gain over 5 years.
These mixed return figures sit against a backdrop of ongoing interest in residential real estate investment trusts and shifting sentiment toward income focused stocks. This can influence how investors think about risk and reward for a name like Independence Realty Trust. Broader sector moves and changing expectations for…
