Head-To-Head Review: Monogram Residential Trust (MORE) versus Independence Realty Trust (IRT)
Monogram Residential Trust (NYSE: MORE) and Independence Realty Trust (NYSE:IRT) are both finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their analyst recommendations, profitabiliy, earnings, institutional ownership, risk, dividends and valuation.
Valuation & Earnings
This table compares Monogram Residential Trust and Independence Realty Trust’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Monogram Residential Trust||$288.53 million||6.94||$138.81 million||$0.65||18.45|
|Independence Realty Trust||$155.10 million||4.51||$30.54 million||($0.23)||-43.95|
Monogram Residential Trust has higher revenue and earnings than Independence Realty Trust. Independence Realty Trust is trading at a lower price-to-earnings ratio than Monogram Residential Trust, indicating that it is currently the more affordable of the two stocks.
This is a summary of current ratings for Monogram Residential Trust and Independence Realty Trust, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Monogram Residential Trust||0||6||1||0||2.14|
|Independence Realty Trust||0||0||5||0||3.00|
Monogram Residential Trust currently has a consensus price target of $11.71, indicating a potential downside of 2.35%. Independence Realty Trust has a consensus price target of $10.31, indicating a potential upside of 2.00%. Given Independence Realty Trust’s stronger consensus rating and higher possible upside, analysts plainly believe Independence Realty Trust is more favorable than Monogram Residential Trust.
Monogram Residential Trust pays an annual dividend of $0.30 per share and has a dividend yield of 2.5%. Independence Realty Trust pays an annual dividend of $0.72 per share and has a dividend yield of 7.1%. Monogram Residential Trust pays out 46.2% of its earnings in the form of a dividend. Independence Realty Trust pays out -313.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independence Realty Trust is clearly the better dividend stock, given its higher yield and lower payout ratio.
Insider & Institutional Ownership
75.1% of Monogram Residential Trust shares are held by institutional investors. Comparatively, 71.9% of Independence Realty Trust shares are held by institutional investors. 0.4% of Monogram Residential Trust shares are held by insiders. Comparatively, 0.6% of Independence Realty Trust shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
This table compares Monogram Residential Trust and Independence Realty Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Monogram Residential Trust||37.63%||7.05%||3.44%|
|Independence Realty Trust||-10.28%||-3.22%||-1.22%|
Volatility and Risk
Monogram Residential Trust has a beta of 0.8, meaning that its share price is 20% less volatile than the S&P 500. Comparatively, Independence Realty Trust has a beta of 1.08, meaning that its share price is 8% more volatile than the S&P 500.
Monogram Residential Trust beats Independence Realty Trust on 8 of the 15 factors compared between the two stocks.
Monogram Residential Trust Company Profile
Monogram Residential Trust, Inc. is a self-managed real estate investment trust (REIT). The Company invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company also invests in stabilized operating communities and communities in various phases of development, with a focus on communities in select markets across the United States. These include luxury high-rise, mid-rise and garden style multifamily communities. As of December 31, 2016, Monogram’s portfolio includes investments in 51 multifamily communities in 10 states comprising 14,473 residential units. As of September 30, 2016, the Company held ownership interests in equity investments, including 47 operating multifamily communities (including one development in lease up) containing 13,022 residential units in 10 states, all of which are consolidated for financial reporting purposes.
Independence Realty Trust Company Profile
Independence Realty Trust, Inc. is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets. As of July 5, 2017, the Company owns and operates 47 multifamily apartment properties, totaling 13,198 units. Its properties include Copper Mill, Crestmont, Heritage Trace, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, Carrington Park, Walnut Hill, Lenoxplace, Bennington Pond, Jamestown, Meadows, Oxmoor, Bayview Club, Arbors River Oaks, Fox Trails, Bridge Pointe, The Aventine Greenville and Westmont Commons.
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