The stock of Independence Realty Trust Inc (IRT) has seen a 1.01% increase in the past week, with a 3.64% gain in the past month, and a 1.79% flourish in the past quarter. The volatility ratio for the week is 3.12%, and the volatility levels for the past 30 days are at 2.17% for IRT. The simple moving average for the past 20 days is 1.69% for IRT’s stock, with a 12.38% simple moving average for the past 200 days.
Is It Worth Investing in Independence Realty Trust Inc (NYSE: IRT) Right Now?
The 36-month beta value for IRT is also noteworthy at 1.16. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for IRT is 223.51M, and at present, short sellers hold a 10.62% of that float. The average trading volume of IRT on November 06, 2024 was 1.99M shares.
IRT) stock’s latest price update
Independence Realty Trust Inc (NYSE: IRT)’s stock price has soared by 3.43 in relation to previous closing price of 19.25. Nevertheless, the company has seen a gain of 1.01% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.30 per share a year ago.
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 -0.79% 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 -6.08% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +3.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.58% lower at present.
During the last 5 trading sessions, IRT rose by +1.01%, which changed the moving average for the period of 200-days by +26.65% in comparison to the 20-day moving average, which settled at $19.58. In addition, Independence Realty Trust Inc saw 30.13% 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:
- 0.08 for the present operating margin
- 0.25 for the gross margin
The net margin for Independence Realty Trust Inc stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -0.01, with -0.00 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 0.68. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 363.57 million with net debt to EBITDA at 11.16. When we switch over and look at the enterprise to sales, we see a ratio of 13.89.
Conclusion
In summary, Independence Realty Trust Inc (IRT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
