What Independence Realty Trust Inc. (IRT) Insiders Are Up To

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Independence Realty Trust Inc. (NYSE:IRT) finished Wednesday with a subtraction of -$0.39 to close at $18.00, a downside of -2.12 percent. An average of 2,495,960 shares of common stock have been traded in the last five days. There was a fall of -$1.22 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,932,185 shares traded, while the 50-day average volume stands at 1,653,642.

IRT stock has decreased by -13.38% in the last month. The company shares reached their 1-month lowest point of $17.98 on 09/21/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $18.09 and a high of $28.42 in 52 weeks. It has reached a new high 8 times so far this year and lost -30.31% or -$7.83 in price. In spite of this, the price is down -36.66% from the 52-week high.


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Valuation Metrics

Independence Realty Trust Inc. (IRT) has a trailing price-to-earnings (P/E) ratio of 28.35. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.95, the price-to-book (PB) ratio at 1.12, and the price-to-cash flow ratio at 720.98.

The company has a payout ratio of 77.80%. The company’s most recent quarterly dividend payment was $0.14 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday May 18 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.72 for the quarter ending June 29. Its gross profit as reported stood at $51.58 million compared to revenue of $250.25 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Independence Realty Trust Inc.’s return on assets was 2.00%.

Earnings Surprise

The analyst consensus anticipated Independence Realty Trust Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.03. For the quarter, EBITDA amounted to $89.18 million. At the end of the quarter ending June 29, Independence Realty Trust Inc.’s stock balance sheet showed total debt was $2.51 billion. Shareholders own equity worth $222.07 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Independence Realty Trust Inc. (IRT) price momentum. RSI 9-day as of the close on 21 September was 25.16%, suggesting the stock is oversold, with historical volatility in this time frame at 34.51%.

As of today, IRT’s price is $18.56 -6.35% or -$1.22 from its 5-day moving average. IRT is currently trading -11.68% lower than its 20-day SMA and -35.62% lower than its 100-day SMA. However, the stock’s current price level is -11.76% below the SMA50 and -27.36% below the SMA200.

The stochastic %K and %D were 11.33% and 14.84%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 0.75% and the average true range at 0.55, the RSI (14) stands at 29.19%. The stock has reached -0.73 on the 9-day MACD Oscillator while the 14-day reading was at -0.84.

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