This trade activity should not be overlooked: Independence Realty Trust Inc (IRT)

With 2.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.66 million shares. During the session, the REIT – Residential company that operates in wider Real Estate sector, reached to the highest price of $18.5 whereas the lowest price it dropped to was $18.345. The 52-week range on IRT shows that it touched its highest point at $18.96 and its lowest point at $11.52 during that stretch. It currently has a 1-year price target of $18.11. With its current market cap of 4.15 billion, IRT has annualized dividend of $0.64 while the current yield stands at 3.47%. Beta for the stock currently stands at 1.11.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IRT was down-trending over the past week, with a drop of -2.43%, but this was up by 6.41% over a month. Three-month performance surged to 10.49% while six-month performance rose 21.72%. The stock gained 4.22% in the past year, while it has gained 20.52% so far this year. A look at the trailing 12-month EPS for IRT yields -0.04 with Next year EPS estimates of 0.31. For the next quarter, that number is 0.06. This implies an EPS growth rate of 457.00% for this year and 7.13% for next year.

Float and Shares Shorts:

At present, 224.71 million IRT shares are outstanding with a float of 223.34 million shares on hand for trading. On 2024-06-14, short shares totaled 11.15 million, which was 495.0 higher than short shares on 1715731200. In addition to Mr. Scott F. Schaeffer as the firm’s President, CEO & Chairman, Mr. James J. Sebra serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.91468 of IRT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, IRT reported revenue of $160534000.0 and operating income of $30962000.0. The EBITDA in the recently reported quarter was $83853000.0 and diluted EPS was $0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.