Monitor The Insider Activity Of Independence Realty Trust Inc. (IRT)

At the last check on Friday, Independence Realty Trust Inc.’s (NYSE:IRT) stock was up $0.1, moving up 0.45 percent to $22.54. The average number of shares traded per day over the past five days has been 2,911,010 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.09 fall in that time frame. In the last twenty days, the average volume was 3,362,353, while in the previous 50 days, it was 5,088,161.

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Since last month, IRT stock retreated -15.92%. Shares of the company fell to $21.68 on 05/10/22, the lowest level in the past month. A 52-week high of $28.42 was reached on 04/21/22 after having rallying from a 52-week low of $15.69. Since the beginning of this year, IRT’s stock price has dropped by -13.12% or -$3.51, and marked a new high 8 times. However, the stock has declined by -20.69% since its 52-week high.

Valuation Metrics

Right now, Independence Realty Trust Inc. (IRT) has a P/E ratio of about 32.01. The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 14.55, the price-to-book (PB) ratio of 1.40.

The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Monday June 15 2020, a $0.06 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.71, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 59.10% percent. In the year ended March 30, operating margins totaled -3.70%. Based on annual data, IRT earned $51.58 million in gross profit and brought in $250.25 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.10%. Return on equity (ROE) for the past 12 months was 5.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IRT’s revenue rose 63.35% to $76.92 million during the quarter, while net income inched up to $150.36 million. While analysts expected Independence Realty Trust Inc. to report $0.35 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by -2.90%. During the quarter, the company generated $83.31 million in EBITDA. The value of shareholders’ equity is $221.16 million.

Technical Picture

This quick technical analysis looks at Independence Realty Trust Inc.’s (IRT) price momentum. With a historical volatility rate of 51.34%, the RSI 9-day stood at 25.31% on 12 May.

With respect to its five-day moving average, the current Independence Realty Trust Inc. price is down by -4.68% percent or -$1.09. At present, IRT shares trade -17.23% below its 20-day simple moving average and -6.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.76% below its SMA50 and +17.26% above its SMA200.

Stochastic coefficient K was 12.11% and Stochastic coefficient D was 10.67%, while ATR was 1.02. Given the Stochastic reading of 9.75% for the 14-day period, the RSI (14) reading has been calculated as 29.55%. As of today, the MACD Oscillator reading stands at -1.00, while the 14-day reading stands at -2.35.

Analyst Ratings

Independence Realty Trust Inc. (IRT) has been rated Buy by analysts. According to 0 brokerage firms, IRT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Independence Realty Trust Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $28.00, the current consensus forecast for the stock is $27.00 – $30.00. Based on these forecasts, analysts predict Independence Realty Trust Inc. (IRT) will achieve an average price target of $28.14.


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