Independence Realty Trust Inc (NYSE:IRT) shares, rose in value, with the stock price down by -0.20% to the previous day’s close as strong demand from buyers drove the stock to $19.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19.76, falling within a range of $19.55 and $20.14. Referring to stock’s 52-week performance, its high was $21.20, and the low was $11.52. On the whole, IRT has fluctuated by -1.65% over the past month.
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With the market capitalization of Independence Realty Trust Inc currently standing at about $4.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12. The company’s Forward Dividend Ratio is 0.52, with its dividend yield at 2.65%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 639.44M, with a low estimate of 157.71M and a high estimate of 164.54M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 161.19M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 price of IRT currently trading nearly 0.76% and -1.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.06, while the 7-day volatility ratio is showing 1.43% which for the 30-day chart, stands at 1.84%. Furthermore, Independence Realty Trust Inc (IRT)’s beta value is 1.15, and its average true range (ATR) is 0.38.
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 -0.20% in today’s session so far, and over the past year, it grew by 60.38%%.
Data on historical trading for Independence Realty Trust Inc (NYSE:IRT) indicates that the trading volumes over the past 10 days have averaged 1.54 and over the past 3 months, they’ve averaged 2.01 million. According to company’s latest data on outstanding shares, there are 236.62 million shares outstanding.
Nearly 0.70% of Independence Realty Trust Inc’s shares belong to company insiders and institutional investors own 89.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.73 million shares as on 2024-10-15, resulting in a short ratio of 10.27. According to the data, the short interest in Independence Realty Trust Inc (IRT) stood at 1527.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 23.82 million. The stock has risen by 28.89% 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.
