IRT Stock Forecast: All the More Reason to Consider Independence Realty Trust Inc (IRT) Now

Independence Realty Trust Inc (NYSE: IRT) is 39.61% higher on its value in year-to-date trading and has touched a low of $12.89 and a high of $21.29 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 $21.25 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $21.36, the stock is 5.35% and 5.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.05 million and changing 0.52% at the moment leaves the stock 18.63% off its SMA200. IRT registered 64.18% gain for a year compared to 6-month gain of 25.43%. The firm has a 50-day simple moving average (SMA 50) of $20.1662 and a 200-day simple moving average (SMA200) of $17.97275.

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The stock witnessed a 9.82% loss in the last 1 month and extending the period to 3 months gives it a 8.21%, and is 3.64% 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 1.53% over the week and 2.26% over the month.

Independence Realty Trust Inc (IRT) has around 952 employees, a market worth around $4.93B and $646.12M in sales. Fwd P/E is 80.40. Profit margin for the company is -0.03%. Distance from 52-week low is 65.69% and 0.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.00%).

The EPS is expected to grow by 427.82% this year.

Independence Realty Trust Inc (IRT) Top Institutional Holders

525.0 institutions hold shares in Independence Realty Trust Inc (IRT), with institutional investors hold 103.04% of the company’s shares. The shares outstanding are 224.71M, and float is at 223.44M with Short Float at 12.14%. Institutions hold 102.28% 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.