Independence Realty Trust Inc (NYSE: IRT) is -5.75% lower on its value in year-to-date trading and has touched a low of $14.07 and a high of $22.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IRT stock was last observed hovering at around $18.23 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $18.70, the stock is -6.45% and -9.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 2.58% at the moment leaves the stock -1.21% off its SMA200. IRT registered 24.34% gain for a year compared to 6-month gain of 0.65%. The firm has a 50-day simple moving average (SMA 50) of $20.584 and a 200-day simple moving average (SMA200) of $18.9142.
The stock witnessed a -11.50% loss in the last 1 month and extending the period to 3 months gives it a -0.43%, and is -6.12% 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 2.98% over the week and 2.41% over the month.
Independence Realty Trust Inc (IRT) has around 952 employees, a market worth around $4.32B and $646.12M in sales. Fwd P/E is 73.05. Profit margin for the company is -0.03%. Distance from 52-week low is 32.86% and -15.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.00%).
with sales reaching $163.29M over the same period.The EPS is expected to grow by 405.00% this year, but quarterly earnings will post -2.77% year-over-year. Quarterly sales are estimated to shrink -2.06% in year-over-year returns.
Independence Realty Trust Inc (IRT) Top Institutional Holders
525.0 institutions hold shares in Independence Realty Trust Inc (IRT), with institutional investors hold 102.64% of the company’s shares. The shares outstanding are 225.09M, and float is at 223.22M with Short Float at 10.01%. Institutions hold 101.92% 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.
Independence Realty Trust Inc (IRT) Insider Activity
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