Independence Realty Trust Inc (NYSE: IRT) is 30.13% higher on its value in year-to-date trading and has touched a low of $11.52 and a high of $21.20 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 $19.52 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $19.91, the stock is 1.06% and -0.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 2.00% at the moment leaves the stock 13.68% off its SMA200. IRT registered 53.97% gain for a year compared to 6-month gain of 26.33%. The firm has a 50-day simple moving average (SMA 50) of $20.0888 and a 200-day simple moving average (SMA200) of $17.5142.
The stock witnessed a -5.28% loss in the last 1 month and extending the period to 3 months gives it a 7.68%, and is -0.30% down 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 1.87% over the week and 1.99% over the month.
Independence Realty Trust Inc (IRT) has around 952 employees, a market worth around $4.71B and $654.59M in sales. Fwd P/E is 64.63. Profit margin for the company is -1.32%. Distance from 52-week low is 72.80% and -6.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.15%).
The EPS is expected to grow by 469.01% this year
468.0 institutions hold shares in Independence Realty Trust Inc (IRT), with institutional investors hold 95.88% of the company’s shares. The shares outstanding are 236.62M, and float is at 234.95M with Short Float at 9.58%. Institutions hold 95.18% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 33.04 million shares valued at $619.1 million. The investor’s holdings represent 14.7073 of the IRT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 32.63 million shares valued at $611.57 million to account for 14.5283 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 13.25 million shares representing 5.8984 and valued at over $248.29 million, while STATE STREET CORP holds 5.6175 of the shares totaling 12.62 million with a market value of $238.44 million.
