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Independence Realty Trust Inc (NYSE: IRT) closed the day trading at $21.02 down -0.99% from the previous closing price of $21.23. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 1.02 million shares were traded. IRT stock price reached its highest trading level at $21.155 during the session, while it also had its lowest trading level at $20.84.
Ratios:
For a better understanding of IRT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 100.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.74. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.68.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on November 15, 2024, Upgraded its rating to Market Perform and sets its target price to $21 from $19 previously.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $18.
BMO Capital Markets Downgraded its Market Perform to Underperform on December 15, 2023, whereas the target price for the stock was revised from $14 to $15.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IRT now has a Market Capitalization of 4904954368 and an Enterprise Value of 7111581184. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.52 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 11.084 whereas that against EBITDA is 20.5.
Stock Price History:
Over the past 52 weeks, IRT has reached a high of $22.26, while it has fallen to a 52-week low of $13.84. The 50-Day Moving Average of the stock is 3.38%, while the 200-Day Moving Average is calculated to be 14.44%.
Shares Statistics:
Over the past 3-months, IRT traded about 2.07M shares per day on average, while over the past 10 days, IRT traded about 1528860 shares per day. A total of 225.09M shares are outstanding, with a floating share count of 223.44M. Insiders hold about 0.74% of the company’s shares, while institutions hold 100.58% stake in the company. Shares short for IRT as of 1731628800 were 28195270 with a Short Ratio of 13.62, compared to 1728950400 on 23734453. Therefore, it implies a Short% of Shares Outstanding of 28195270 and a Short% of Float of 18.14.
Dividends & Splits
IRT’s forward annual dividend rate is 0.64, up from 0.64 a year ago. Against a Trailing Annual Dividend Yield of 0.03014602The stock’s 5-year Average Dividend Yield is 3.55.
