Company’s 36-month beta value is 1.05.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for IRT is 223.39M, and currently, short sellers hold a 4.14% ratio of that floaft. The average trading volume of IRT on April 17, 2024 was 2.35M shares.
IRT) stock’s latest price update
Independence Realty Trust Inc (NYSE: IRT)’s stock price has decreased by -1.20 compared to its previous closing price of 15.86. However, the company has seen a -6.11% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-04-08 that PHILADELPHIA–(BUSINESS WIRE)–Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024, and will hold its quarterly results conference call on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A.
IRT’s Market Performance
Independence Realty Trust Inc (IRT) has seen a -6.11% fall in stock performance for the week, with a 0.64% gain in the past month and a 3.50% surge in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.27% for IRT. The simple moving average for the last 20 days is -1.29% for IRT stock, with a simple moving average of 3.36% for the last 200 days.
Analysts’ Opinion of IRT
Many brokerage firms have already submitted their reports for IRT stocks, with Deutsche Bank repeating the rating for IRT by listing it as a “Buy.” The predicted price for IRT in the upcoming period, according to Deutsche Bank is $18 based on the research report published on January 30, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see IRT reach a price target of $15, previously predicting the price at $14. The rating they have provided for IRT stocks is “Underperform” according to the report published on December 15th, 2023.
BMO Capital Markets gave a rating of “Market Perform” to IRT, setting the target price at $19 in the report published on July 18th of the previous year.
IRT Trading at 1.23% 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 -14.60% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +1.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.61% upper at present.
During the last 5 trading sessions, IRT fell by -6.11%, which changed the moving average for the period of 200-days by -14.32% in comparison to the 20-day moving average, which settled at $15.89. In addition, Independence Realty Trust Inc saw 2.42% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IRT
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.59 for the gross margin
The net margin for Independence Realty Trust Inc stands at -0.03. The total capital return value is set at 0.04. Equity return is now at value -0.49, with -0.27 for asset returns.
Based on Independence Realty Trust Inc (IRT), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 4.63.
Currently, EBITDA for the company is 363.57 million with net debt to EBITDA at 5.52. When we switch over and look at the enterprise to sales, we see a ratio of 8.93.
Conclusion
In a nutshell, Independence Realty Trust Inc (IRT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
