Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Independence Realty Trust Inc (NYSE: IRT) closed the day trading at $18.77 down -2.29% from the previous closing price of $19.21. In other words, the price has decreased by -$2.29 from its previous closing price. On the day, 2.36 million shares were traded. IRT stock price reached its highest trading level at $19.4 during the session, while it also had its lowest trading level at $18.7601.
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 89.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.70. 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 this company, Barclays on December 17, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $23.
On November 15, 2024, BMO Capital Markets Upgraded its rating to Market Perform which previously was Underperform and also upped its target price recommendation from $19 to $21.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $18.Deutsche Bank initiated its Buy rating on January 30, 2024, with a $18 target price.
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 4336602112 and an Enterprise Value of 6605945856. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.71 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 10.296 whereas that against EBITDA is 19.043.
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 $14.07. The 50-Day Moving Average of the stock is -9.04%, while the 200-Day Moving Average is calculated to be -0.63%.
Shares Statistics:
Over the past 3-months, IRT traded about 1.95M shares per day on average, while over the past 10 days, IRT traded about 1829630 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 100.61% stake in the company. Shares short for IRT as of 1734048000 were 26737001 with a Short Ratio of 13.72, compared to 1731628800 on 28195270. Therefore, it implies a Short% of Shares Outstanding of 26737001 and a Short% of Float of 17.2.
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 0.033315983The stock’s 5-year Average Dividend Yield is 3.52.
