Independence Realty Trust Inc (NYSE: IRT)’s stock price has increased by 0.52 compared to its previous closing price of 21.25. However, the company has seen a 3.64% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-11-18 that PHILADELPHIA–(BUSINESS WIRE)–Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and President, Jason Delozier, Chief Accounting Officer and Janice Richards, SVP of Operations are scheduled to host meetings with investors and analysts at Nareit’s REITworld 2024 Annual Conference in Las Vegas on November 19 and 20. The company has posted its November Investor Presentation on its websi.
Is It Worth Investing in Independence Realty Trust Inc (NYSE: IRT) Right Now?
The stock has a 36-month beta value of 1.16. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for IRT is 223.44M, and at present, short sellers hold a 12.14% of that float. On November 20, 2024, the average trading volume of IRT was 2.09M shares.
IRT’s Market Performance
The stock of Independence Realty Trust Inc (IRT) has seen a 3.64% increase in the past week, with a 9.82% rise in the past month, and a 8.21% gain in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 2.26% for IRT. The simple moving average for the past 20 days is 5.35% for IRT’s stock, with a 18.63% simple moving average for the past 200 days.
Analysts’ Opinion of IRT
Many brokerage firms have already submitted their reports for IRT stocks, with BMO Capital Markets repeating the rating for IRT by listing it as a “Market Perform.” The predicted price for IRT in the upcoming period, according to BMO Capital Markets is $21 based on the research report published on November 15, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see IRT reach a price target of $18. The rating they have provided for IRT stocks is “Buy” according to the report published on January 30th, 2024.
BMO Capital Markets gave a rating of “Underperform” to IRT, setting the target price at $15 in the report published on December 15th of the previous year.
IRT Trading at 5.81% 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 0.33% of gains for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares surge +9.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.22% upper at present.
During the last 5 trading sessions, IRT rose by +3.64%, which changed the moving average for the period of 200-days by +44.81% in comparison to the 20-day moving average, which settled at $20.28. In addition, Independence Realty Trust Inc saw 39.61% 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:
- 0.31 for the present operating margin
- 0.33 for the gross margin
The net margin for Independence Realty Trust Inc stands at -0.0. The total capital return value is set at 0.04. 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 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 2.5.
Currently, EBITDA for the company is 635.62 million with net debt to EBITDA at 6.29. When we switch over and look at the enterprise to sales, we see a ratio of 10.95.
Conclusion
To sum up, Independence Realty Trust Inc (IRT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
