Independence Realty Trust Inc (NYSE:IRT) shares, rose in value, with the stock price down by -0.09% to the previous day’s close as strong demand from buyers drove the stock to $17.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.34. Referring to stock’s 52-week performance, its high was $18.35, and the low was $11.52. On the whole, IRT has fluctuated by 4.49% over the past month.
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The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 1.64%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IRT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IRT currently trading nearly 2.89% and 6.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.78, while the 7-day volatility ratio is showing 2.23% which for the 30-day chart, stands at 1.73%. Furthermore, Independence Realty Trust Inc (IRT)’s beta value is 1.11, and its average true range (ATR) is 0.35.
A comparison of Independence Realty Trust Inc (IRT) with its peers suggests the former has fared considerably weaker in the market. IRT showed an intraday change of -0.09% in today’s session so far, and over the past year, it shrunk by -4.72%%.
Data on historical trading for Independence Realty Trust Inc (NYSE:IRT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.15 million. According to company’s latest data on outstanding shares, there are 224.71 million shares outstanding.
Nearly 0.78% of Independence Realty Trust Inc’s shares belong to company insiders and institutional investors own 90.09% of the company’s shares. The stock has risen by 13.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IRT stock heading into the next quarter.
