Independence Realty Trust Inc. (NYSE:IRT) went up by 2.46% from its latest closing price compared to the recent 1-year high of $15.76. The company’s stock price has collected 4.21% of gains in the last five trading sessions. Press Release reported on 04/07/21 that Independence Realty Trust Announces First Quarter 2021 Earnings Release and Conference Call Dates
Is It Worth Investing in Independence Realty Trust Inc. (NYSE :IRT) Right Now?
Independence Realty Trust Inc. (NYSE:IRT) scored a price-to-earnings ratio above its average ratio, recording 103.53 x from its present earnings ratio. Plus, the 36-month beta value for IRT is at 0.91. Opinions of the stock are interesting as 3 analysts out of 8 who provided ratings for Independence Realty Trust Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $15.94, which is -$0.23 below the current price. IRT currently public float of 94.28M and currently shorts hold a 3.99% ratio of that float. Today, the average trading volume of IRT was 646.17K shares.
IRT’s Market Performance
IRT stocks went up by 4.21% for the week, with a monthly jump of 11.63% and a quarterly performance of 18.47%, while its annual performance rate touched 97.51%. The volatility ratio for the week stands at 2.35% while the volatility levels for the past 30 days are set at 2.61% for Independence Realty Trust Inc.. The simple moving average for the period of the last 20 days is 4.53% for IRT stocks with a simple moving average of 23.88% for the last 200 days.
Analysts’ Opinion of IRT
Many brokerage firms have already submitted their reports for IRT stocks, with BTIG Research repeating the rating for IRT by listing it as a “Buy.” The predicted price for IRT in the upcoming period, according to BTIG Research is $15 based on the research report published on January 11th of the current year 2021.
Deutsche Bank, on the other hand, stated in their research note that they expect to see IRT reach a price target of $15. The rating they have provided for IRT stocks is “Buy” according to the report published on December 15th, 2020.
Robert W. Baird gave a rating of “Outperform” to IRT, setting the target price at $13 in the report published on September 15th of the previous year.
IRT Trading at 9.04% from the 50-Day Moving Average
After a stumble in the market that brought IRT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.51% of gains for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +9.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.70% upper at present.
During the last 5 trading sessions, IRT rose by +4.21%, which changed the moving average for the period of 200-days by +42.32% in comparison to the 20-day moving average, which settled at $15.22. In addition, Independence Realty Trust Inc. saw 17.94% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at IRT starting from Ross Richard H, who sale 5,348 shares at the price of $9.60 back on May 12. After this action, Ross Richard H now owns 7,495 shares of Independence Realty Trust Inc., valued at $51,341 using the latest closing price.
Ross Richard H, the Director of Independence Realty Trust Inc., sale 16,000 shares at $9.66 during a trade that took place back on May 11, which means that Ross Richard H is holding 12,843 shares at $154,560 based on the most recent closing price.
Stock Fundamentals for IRT
Current profitability levels for the company are sitting at:
- +18.94 for the present operating margin
- +26.26 for the gross margin
The net margin for Independence Realty Trust Inc. stands at +7.16. The total capital return value is set at 2.39, while invested capital returns managed to touch 0.92. Equity return is now at value 2.30, with 0.90 for asset returns.
Based on Independence Realty Trust Inc. (IRT), the company’s capital structure generated 133.98 points at debt to equity in total, while total debt to capital is 57.26. Total debt to assets is 54.68, with long-term debt to equity ratio resting at 127.14. Finally, the long-term debt to capital ratio is 54.34.
When we switch over and look at the enterprise to sales, we see a ratio of 10.72, with the company’s debt to enterprise value settled at 0.43.