Independence Realty Trust Inc (NYSE: IRT) is -5.15% lower on its value in year-to-date trading and has touched a low of $17.10 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 $17.55 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $17.51, the stock is -1.52% and -4.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing -0.23% at the moment leaves the stock -11.03% off its SMA200. IRT registered -11.74% loss for a year compared to 6-month loss of -8.85%. The firm has a 50-day simple moving average (SMA 50) of $18.4244 and a 200-day simple moving average (SMA200) of $19.7349.
The stock witnessed a -4.26% gain in the last 1 month and extending the period to 3 months gives it a -1.74%, and is -0.68% 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 1.78% over the week and 2.05% over the month.
Independence Realty Trust Inc (IRT) has around 917 employees, a market worth around $4.20B and $640.74M in sales. Current P/E ratio is 132.45 and Fwd P/E is 62.14. Profit margin for the company is 4.69%. Distance from 52-week low is 2.40% and -20.78% 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 24.42% this year
545.0 institutions hold shares in Independence Realty Trust Inc (IRT), with institutional investors hold 102.79% of the company’s shares. The shares outstanding are 233.76M, and float is at 231.37M with Short Float at 8.05%. Institutions hold 102.15% 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 14.6964 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 Jul 01 ’25 at a price of $17.58 per share for a total of $8790.0. Following the sale, the insider now owns 42372.0 shares.
Independence Realty Trust Inc disclosed in a document filed with the SEC on Jun 02 ’25 that Gebert Richard D (Director) sold a total of 500 shares of the company’s common stock. The trade occurred on Jun 02 ’25 and was made at $18.40 per share for $9200.0. Following the transaction, the insider now directly holds 42872.0 shares of the IRT stock.
Still, SEC filings show that on May 01 ’25, Gebert Richard D (Director) disposed off 500 shares at an average price of $19.01 for $9505.0. The insider now directly holds 38,194 shares of Independence Realty Trust Inc (IRT).
