Currently, there are 236.62M common shares owned by the public and among those 234.95M shares have been available to trade.
The company’s stock has a 5-day price change of 1.20% and 2.05% over the past three months. IRT shares are trading 27.06% year to date (YTD), with the 12-month market performance up to 40.52% higher. It has a 12-month low price of $11.52 and touched a high of $21.20 over the same period. IRT has an average intraday trading volume of 1.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.39%, -3.08%, and 12.01% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Independence Realty Trust Inc (NYSE: IRT) shares accounts for 88.98% of the company’s 236.62M shares outstanding.
It has a market capitalization of $4.60B and a beta (3y monthly) value of 1.15. The earnings-per-share (ttm) stands at -$0.04. The company has a debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 1.82% over the month.
Earnings per share for the fiscal year are expected to increase by 469.01%, and 5.48% over the next financial year.
Looking at the support for the IRT, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 30, 2024, with the firm’s price target at $18. BMO Capital Markets coverage for the Independence Realty Trust Inc (IRT) stock in a research note released on December 15, 2023 offered a Underperform rating with a price target of $15. BMO Capital Markets was of a view on July 18, 2023 that the stock is Market Perform, while JMP Securities gave the stock Mkt Outperform rating on May 08, 2023, issuing a price target of $20. JMP Securities on their part issued Mkt Perform rating on January 30, 2023.
