Independence Realty Trust Inc (NYSE: IRT) is -3.68% lower on its value in year-to-date trading and has touched a low of $15.32 and a high of $22.10 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 $19.19 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $19.11, the stock is -0.57% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -0.42% at the moment leaves the stock -4.26% off its SMA200. IRT registered 17.50% gain for a year compared to 6-month loss of -3.33%.
The stock witnessed a 1.76% gain in the last 1 month and extending the period to 3 months gives it a -3.97%, and is -2.70% 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 1.54% over the week and 2.44% over the month.
Independence Realty Trust Inc (IRT) has around 917 employees, a market worth around $4.47B and $640.74M in sales. Current P/E ratio is 144.55 and Fwd P/E is 64.91. Profit margin for the company is 4.69%. Distance from 52-week low is 24.74% and -13.54% from its 52-week high. The company has generated returns on investments over the last 12 months (0.53%).
The EPS is expected to grow by 29.90% this year.
Independence Realty Trust Inc (IRT) Top Institutional Holders
The shares outstanding are 233.76M, and float is at 231.54M with Short Float at 8.23%.
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 14.6964% 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 14.5176 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 13.25 million shares representing 5.8941% and valued at over $248.29 million, while STATE STREET CORP holds 5.6133 of the shares totaling 12.62 million with a market value of $238.44 million.
Independence Realty Trust Inc (IRT) Insider Activity
The most recent transaction is an insider sale by Gebert Richard D, the company’s Director. SEC filings show that Gebert Richard D sold 500 shares of the company’s common stock on May 01 ’25 at a price of $19.01 per share for a total of $9505.0. Following the sale, the insider now owns 38194.0 shares.
Independence Realty Trust Inc disclosed in a document filed with the SEC on Apr 01 ’25 that SCHAEFFER SCOTT (Chair Board and CEO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Apr 01 ’25 and was made at $21.21 per share for $0.21 million. Following the transaction, the insider now directly holds 0.87 million shares of the IRT stock.
Still, SEC filings show that on Apr 01 ’25, Gebert Richard D (Director) disposed off 500 shares at an average price of $21.28 for $10640.0. The insider now directly holds 38,694 shares of Independence Realty Trust Inc (IRT).
