Independence Realty Trust Inc (NYSE: IRT) kicked off on November 20, 2023, at the price of $13.11, up 1.91% from the previous trading day. During the day, the shares moved up to $13.375 and dropped to $12.99 before settling in for the closing price of $13.11. Over the past 52 weeks, IRT has traded in a range of $11.61-$19.68.
A company in the Real Estate sector has jumped its sales by 39.44% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -89.31%. With a float of $222.99 million, this company’s outstanding shares have now reached $224.06 million.
In an organization with 923 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +18.59, operating margin of +14.38, and the pretax margin is +19.20.
Independence Realty Trust Inc (IRT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the REIT – Residential Industry. The insider ownership of Independence Realty Trust Inc is 0.77%, while institutional ownership is 86.55%. The most recent insider transaction that took place on Dec 07, was worth 287,483. In this transaction Chair of Board & CEO of this company sold 16,656 shares at a rate of $17.26, taking the stock ownership to the 567,209 shares. Before that another transaction happened on Dec 06, when Company’s Chair of Board & CEO sold 155,830 for $17.24, making the entire transaction worth $2,686,509. This insider now owns 583,865 shares in total.
Independence Realty Trust Inc (IRT) Latest Financial update
This company achieved a net margin of +18.65 while generating a return on equity of 3.31. Wall Street market experts anticipate that the next fiscal year will bring earnings of 44.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -89.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.06% during the next five years compared to 5.09% growth over the previous five years of trading.
Independence Realty Trust Inc (NYSE: IRT) Trading Performance Indicators
Take a look at Independence Realty Trust Inc’s (IRT) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.57. Likewise, its price to free cash flow for the trailing twelve months is 24.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.25, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach 0.33 in one year’s time.
Technical Analysis of Independence Realty Trust Inc (IRT)
Let’s dig in a bit further. During the last 5-days, its volume was 3.08 million. That was better than the volume of 1.96 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.87%. Additionally, its Average True Range was 0.43.
During the past 100 days, Independence Realty Trust Inc’s (IRT) raw stochastic average was set at 25.18%, which indicates a significant decrease from 71.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.89% in the past 14 days, which was higher than the 27.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.78, while its 200-day Moving Average is $16.26. However, in the short run, Independence Realty Trust Inc’s stock first resistance to watch stands at $13.49. Second resistance stands at $13.63. The third major resistance level sits at $13.88. If the price goes on to break the first support level at $13.11, it is likely to go to the next support level at $12.86. The third support level lies at $12.72 if the price breaches the second support level.
Independence Realty Trust Inc (NYSE: IRT) Key Stats
The company with the Market Capitalisation of 3.00 billion has total of 224,711K Shares Outstanding. Its annual sales at the moment are 628,530 K in contrast with the sum of 117,250 K annual income. Company’s last quarter sales were recorded 168,610 K and last quarter income was 3,930 K.