Independence Realty Trust Inc (NYSE: IRT) kicked off on Tuesday, down -0.76% from the previous trading day, before settling in for the closing price of $19.86. Over the past 52 weeks, IRT has traded in a range of $11.52-$21.20.
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A company in the Real Estate sector has jumped its sales by 36.76% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 469.01%. With a float of $234.95 million, this company’s outstanding shares have now reached $236.62 million.
In an organization with 952 employees, it is important to assess its efficiency. 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) 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 0.70%, while institutional ownership is 89.01%.
Independence Realty Trust Inc (IRT) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.02 earnings per share (EPS), lower than consensus estimate (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
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 7.12. Likewise, its price to free cash flow for the trailing twelve months is 36.74.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.5 million. That was inferior than the volume of 2.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 55.79%. Additionally, its Average True Range was 0.37.
During the past 100 days, Independence Realty Trust Inc’s (IRT) raw stochastic average was set at 64.44%, which indicates a significant decrease from 71.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.26% in the past 14 days, which was higher than the 19.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.11, while its 200-day Moving Average is $17.61. However, in the short run, Independence Realty Trust Inc’s stock first resistance to watch stands at $19.82. Second resistance stands at $19.93. The third major resistance level sits at $20.07. If the price goes on to break the first support level at $19.58, it is likely to go to the next support level at $19.44. The third support level lies at $19.33 if the price breaches the second support level.
Independence Realty Trust Inc (NYSE: IRT) Key Stats
The company with the Market Capitalisation of 4.66 billion has total of 225,121K Shares Outstanding. Its annual sales at the moment are 660,980 K in contrast with the sum of -17,230 K annual income. Company’s last quarter sales were recorded 158,400 K and last quarter income was 10,350 K.
