Independence Realty Trust Inc (NYSE: IRT) is 2.48% higher on its value in year-to-date trading and has touched a low of $11.52 and a high of $18.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IRT stock was last observed hovering at around $15.42 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $15.68, the stock is 5.15% and 4.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing 1.69% at the moment leaves the stock 2.00% off its SMA200. IRT registered -8.63% loss for a year compared to 6-month loss of -5.33%. The firm has a 50-day simple moving average (SMA 50) of $9.06 and a 200-day simple moving average (SMA200) of $20.58.
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The stock witnessed a 4.81% gain in the last 1 month and extending the period to 3 months gives it a 16.01%, and is 8.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.35% over the week and 2.70% over the month.
Independence Realty Trust Inc (IRT) has around 952 employees, a market worth around $3.52B and $660.98M in sales. Fwd P/E is 45.09. Profit margin for the company is -2.61%. Distance from 52-week low is 36.09% and -14.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.30%).
Independence Realty Trust Inc quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $160.11M over the same period.The EPS is expected to grow by 541.64% this year, but quarterly earnings will post -1.60% year-over-year. Quarterly sales are estimated to shrink -1.00% in year-over-year returns.
Independence Realty Trust Inc (IRT) Top Institutional Holders
467 institutions hold shares in Independence Realty Trust Inc (IRT), with institutional investors hold 91.19% of the company’s shares. The shares outstanding are 224.71M, and float is at 222.80M with Short Float at 3.23%. Institutions hold 90.64% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 34.92 million shares valued at $636.26 million. The investor’s holdings represent 15.54% of the IRT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 32.53 million shares valued at $592.63 million to account for 14.47% of the shares outstanding. The other top investors are State Street Corporation which holds 13.7 million shares representing 6.10% and valued at over $249.56 million, while Macquarie Group Limited holds 4.28% of the shares totaling 9.61 million with a market value of $175.09 million.
Independence Realty Trust Inc (IRT) Insider Activity
A total of 3 insider transactions have happened at Independence Realty Trust Inc (IRT) in the last six months, with sales accounting for 0 and purchases happening 3 times.
Independence Realty Trust Inc (IRT): Who are the competitors?
The company’s main competitors (and peers) include UDR Inc. (UDR) that is trading -13.06% down over the past 12 months. Avalonbay Communities Inc. (AVB) that is 5.99% higher over the same period.
