Currently, there are 233.76M common shares owned by the public and among those 231.75M shares have been available to trade.
The company’s stock has a 5-day price change of -2.90% and -6.15% over the past three months. IRT shares are trading -7.42% year to date (YTD), with the 12-month market performance down to -13.81% lower. It has a 12-month low price of $17.10 and touched a high of $22.10 over the same period. IRT has an average intraday trading volume of 2.21 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 -3.05%, -6.59%, and -12.89% respectively.
Institutional ownership of Independence Realty Trust Inc (NYSE: IRT) shares accounts for 100.85% of the company’s 233.76M shares outstanding.
It has a market capitalization of $4.10B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 129.35, while the earnings-per-share (ttm) stands at $0.13. The company has a PEG of 6.33 and a Quick Ratio of 0.36 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.85% over the week and 2.08% over the month.
Analysts forecast that Independence Realty Trust Inc (IRT) will achieve an EPS of 0 for the current quarter, 0.07 for the next quarter and 0.27 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 24.42%, and 33.22% over the next financial year. EPS should grow at an annualized rate of 20.43% over the next five years, compared to -19.26% over the past 5-year period.
Looking at the support for the IRT, a number of firms have released research notes about the stock. Compass Point stated their Neutral rating for the stock in a research note on May 13, 2025, with the firm’s price target at $22. UBS coverage for the Independence Realty Trust Inc (IRT) stock in a research note released on April 07, 2025 offered a Buy rating with a price target of $24. Wells Fargo was of a view on March 19, 2025 that the stock is Overweight, while Jefferies gave the stock Buy rating on March 10, 2025, issuing a price target of $20- $24. Barclays on their part issued Equal Weight rating on December 17, 2024.
