Independence Realty Trust Inc (IRT) concluded trading on Thursday at a closing price of $20.75, with 8.23 million shares of worth about $170.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.47% during that period and on February 20, 2025 the price saw a gain of about 0.63%. Currently the company’s common shares owned by public are about 230.84M shares, out of which, 228.59M shares are available for trading.
Stock saw a price change of 3.39% in past 5 days and over the past one month there was a price change of 8.30%. Year-to-date (YTD), IRT shares are showing a performance of 4.59% which increased to 37.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.92 but also hit the highest price of $22.10 during that period. The average intraday trading volume for Independence Realty Trust Inc shares is 1.61 million. The stock is currently trading 5.19% above its 20-day simple moving average (SMA20), while that difference is up 4.74% for SMA50 and it goes to 8.04% higher than SMA200.
Independence Realty Trust Inc (NYSE: IRT) currently have 230.84M outstanding shares and institutions hold larger chunk of about 100.72% of that.
The stock has a current market capitalization of $4.91B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 119.12, while it has posted earnings per share of $0.17 in the same period. It has a debt-to-equity ratio of 0.66. 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 2.07% while standing at 2.05% over the month.
Stock’s fiscal year EPS is expected to rise by 63.90% while it is estimated to increase by 23.32% 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 Barclays on December 17, 2024 offering an Equal weight rating for the stock and assigned a target price of $23 to it. Coverage by BMO Capital Markets stated Independence Realty Trust Inc (IRT) stock as a Market perform in their note to investors on November 15, 2024, suggesting a price target of $21 for the stock. On January 30, 2024, Deutsche Bank Initiated their recommendations, while on December 15, 2023, BMO Capital Markets Downgrade their ratings for the stock with a price target of $15. Stock get a Market perform rating from BMO Capital Markets on July 18, 2023.
