Independence Realty Trust Inc (NYSE:IRT) has a beta value of 1.15 and has seen 3.58 million shares traded in the recent trading session. The company, currently valued at $4.58B, closed the recent trade at $20.33 per share which meant it lost -$0.35 on the day or -1.67% during that session. The IRT stock price is -2.61% off its 52-week high price of $20.86 and 43.33% above the 52-week low of $11.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.27 million shares traded. The 3-month trading volume is 2.31 million shares.
The consensus among analysts is that Independence Realty Trust Inc (IRT) is Buy stock at the moment, with a recommendation rating of 1.82. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.
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Independence Realty Trust Inc (NYSE:IRT) trade information
Sporting -1.67% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IRT stock price touched $20.33 or saw a rise of 2.54%. Year-to-date, Independence Realty Trust Inc shares have moved 32.91%, while the 5-day performance has seen it change -0.42%. Over the past 30 days, the shares of Independence Realty Trust Inc (NYSE:IRT) have changed 6.86%. Short interest in the company has seen 12.38 million shares shorted with days to cover at 6.67.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could drop -7.0% from the levels at last check today. The projected low price target is $17.0 while the price target rests at a high of $21.0. In that case, then, we find that the latest price level in today’s session is -3.3% off the targeted high while a plunge would see the stock lose 16.38% from the levels at last check today.
Independence Realty Trust Inc (IRT) estimates and forecasts
Figures show that Independence Realty Trust Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 29.44% over the past 6 months, with this year growth rate of -0.87%, compared to 0.80% for the industry. Revenue growth from the last financial year stood is estimated to be -3.00%.
7 analysts offering their estimates for the company have set an average revenue estimate of 160.71M for the current quarter. 7 have an estimated revenue figure of 161.2M for the next ending quarter.
IRT Dividends
Independence Realty Trust Inc is expected to release its next earnings report on 2024-Oct-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.40 at a share yield of 1.98%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.64%.
Independence Realty Trust Inc (NYSE:IRT)’s Major holders
Insiders own 0.77% of the company shares, while shares held by institutions stand at 95.33% with a share float percentage of 96.06%. Investors are also buoyed by the number of investors in a company, with Independence Realty Trust Inc having a total of 469.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 33.04 million shares worth more than $619.1 million. As of 2024-06-30, BLACKROCK INC. held 14.7073% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 32.63 million shares as of 2024-06-30. The firm’s total holdings are worth over $611.57 million and represent 14.5283% of shares outstanding.
