Independence Realty Trust Inc. (NYSE:IRT) went down by -2.54% from its latest closing price compared to the recent 1-year high of $28.42. The company’s stock price has collected -6.27% of loss in the last five trading sessions.
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 28.96 x from its present earnings ratio. Plus, the 36-month beta value for IRT is at 0.94. Opinions of the stock are interesting as 8 analysts out of 12 who provided ratings for Independence Realty Trust Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.17, which is $7.78 above the current price. IRT currently public float of 220.65M and currently shorts hold a 3.52% ratio of that float. Today, the average trading volume of IRT was 1.83M shares.
IRT’s Market Performance
IRT stocks went down by -6.27% for the week, with a monthly drop of -13.25% and a quarterly performance of -10.47%, while its annual performance rate touched -9.10%. The volatility ratio for the week stands at 3.00% while the volatility levels for the past 30 days are set at 2.50% for Independence Realty Trust Inc. The simple moving average for the period of the last 20 days is -6.78% for IRT stocks with a simple moving average of -21.20% 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 $27 based on the research report published on May 09th of the current year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see IRT reach a price target of $32. The rating they have provided for IRT stocks is “Buy” according to the report published on April 22nd, 2022.
Barclays gave a rating of “Overweight” to IRT, setting the target price at $30 in the report published on January 18th of the current year.
IRT Trading at -11.30% 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 unable to rebound, for now settling with -35.29% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares sank -11.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.51% lower at present.
During the last 5 trading sessions, IRT fell by -6.27%, which changed the moving average for the period of 200-days by -26.17% in comparison to the 20-day moving average, which settled at $19.61. In addition, Independence Realty Trust Inc. saw -28.80% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IRT
Current profitability levels for the company are sitting at:
- +20.97 for the present operating margin
- +29.46 for the gross margin
The net margin for Independence Realty Trust Inc. stands at +17.49. Equity return is now at value 3.80, with 2.00 for asset returns.