Independence Realty Trust Inc (NYSE: IRT) on Friday, plunged -0.77% from the previous trading day, before settling in for the closing price of $22.01. Within the past 52 weeks, IRT’s price has moved between $13.14 and $22.26.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 36.76%. The company achieved an average annual earnings per share of 427.82%. With a float of $223.44 million, this company’s outstanding shares have now reached $224.71 million.
Considering the fact that the conglomerate employs 952 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 32.82%, operating margin of 30.92%, and the pretax margin is -0.06%.
Independence Realty Trust Inc (IRT) Breakdown of a Key Holders of the stock
Observing investor behavior towards REIT – Residential industry stocks is more important than anything else. The insider ownership of Independence Realty Trust Inc is 0.74%, while institutional ownership is 100.52%.
Independence Realty Trust Inc (IRT) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.08 earnings per share (EPS) for the period topping the consensus outlook (set at 0.06) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 427.82% per share during the next fiscal year.
Independence Realty Trust Inc (NYSE: IRT) Trading Performance Indicators
Independence Realty Trust Inc (IRT) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.75. Likewise, its price to free cash flow for the trailing twelve months is 38.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.00, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.27 in one year’s time.
Technical Analysis of Independence Realty Trust Inc (IRT)
Compared to the last year’s volume of 2.25 million, its volume of 1.75 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 77.81%. Additionally, its Average True Range was 0.42.
During the past 100 days, Independence Realty Trust Inc’s (IRT) raw stochastic average was set at 89.85%, which indicates a significant increase from 75.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.35% in the past 14 days, which was lower than the 20.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.31, while its 200-day Moving Average is $18.25. Nevertheless, the first resistance level for the watch stands at $22.02 in the near term. At $22.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.30. If the price goes on to break the first support level at $21.74, it is likely to go to the next support level at $21.65. Now, if the price goes above the second support level, the third support stands at $21.46.
Independence Realty Trust Inc (NYSE: IRT) Key Stats
Market capitalization of the company is 5.01 billion based on 225,097K outstanding shares. Right now, sales total 660,980 K and income totals -17,230 K. The company made 160,140 K in profit during its latest quarter, and 12,370 K in sales during its previous quarter.
