On Monday, Independence Realty Trust Inc (NYSE: IRT) opened lower -2.51% from the last session, before settling in for the closing price of $19.95. Price fluctuations for IRT have ranged from $11.52 to $21.20 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 36.76% over the last five years. Company’s average yearly earnings per share was noted 469.01% at the time writing. With a float of $234.95 million, this company’s outstanding shares have now reached $236.62 million.
The firm has a total of 952 workers. Let’s measure their productivity. In terms of profitability, gross margin is 42.17%, operating margin of 31.39%, and the pretax margin is -1.38%.
Independence Realty Trust Inc (IRT) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the REIT – Residential industry is another important factor to consider. The insider ownership of Independence Realty Trust Inc is 0.70%, while institutional ownership is 89.02%.
Independence Realty Trust Inc (IRT) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.02 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.07) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 469.01% per share during the next fiscal year.
Independence Realty Trust Inc (NYSE: IRT) Trading Performance Indicators
Check out the current performance indicators for Independence Realty Trust Inc (IRT). In the past quarter, the stock posted a quick ratio of N/A. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.03. Likewise, its price to free cash flow for the trailing twelve months is 36.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.04, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.31 in one year’s time.
Technical Analysis of Independence Realty Trust Inc (IRT)
Analysing the last 5-days average volume posted by the [Independence Realty Trust Inc, IRT], we can find that recorded value of 2.46 million was better than the volume posted last year of 2.29 million. As of the previous 9 days, the stock’s Stochastic %D was 72.33%. Additionally, its Average True Range was 0.40.
During the past 100 days, Independence Realty Trust Inc’s (IRT) raw stochastic average was set at 66.98%, which indicates a significant increase from 50.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.21% in the past 14 days, which was higher than the 20.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.08, while its 200-day Moving Average is $17.47. Now, the first resistance to watch is $19.74. This is followed by the second major resistance level at $20.02. The third major resistance level sits at $20.19. If the price goes on to break the first support level at $19.29, it is likely to go to the next support level at $19.12. Now, if the price goes above the second support level, the third support stands at $18.84.
Independence Realty Trust Inc (NYSE: IRT) Key Stats
There are currently 225,080K shares outstanding in the company with a market cap of 4.60 billion. Presently, the company’s annual sales total 660,980 K according to its annual income of -17,230 K. Last quarter, the company’s sales amounted to 158,400 K and its income totaled 10,350 K.
