Independence Realty Trust Inc (IRT) concluded trading on Thursday at a closing price of $15.52, with 5.06 million shares of worth about $78.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.55% during that period and on Thursday the price saw a gain of about 6.74%. Currently the company’s common shares owned by public are about 224.06M shares, out of which, 223.04M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 55,074 shares in 13 of the transactions. In 13 selling transactions, insiders dumped 30,829 shares.
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However, the stock later moved at a day high price of 15.67, or with a gain of 6.74%. Stock saw a price change of 4.30% in past 5 days and over the past one month there was a price change of 4.23%. Year-to-date (YTD), IRT shares are showing a performance of 1.44% which decreased to -17.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.52 but also hit the highest price of $18.97 during that period. The average intraday trading volume for Independence Realty Trust Inc shares is 2.45 million. The stock is currently trading 3.54% above its 20-day simple moving average (SMA20), while that difference is up 3.53% for SMA50 and it goes to 0.44% higher than SMA200.
Independence Realty Trust Inc (NYSE: IRT) currently have 224.06M outstanding shares and institutions hold larger chunk of about 89.73% of that.
The stock has a current market capitalization of $3.49B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 61.34, while it has posted earnings per share of $0.25 in the same period. It has a debt-to-equity ratio of 0.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IRT, volatility over the week remained 2.87% while standing at 2.84% over the month.
Analysts are in expectations that Independence Realty Trust Inc (IRT) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 512.47% while it is estimated to increase by 5.39% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 30, 2024 offering a Buy rating for the stock and assigned a target price of $18 to it.
