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Independence Realty Trust Inc (NYSE: IRT) closed the day trading at $19.19 down -0.10% from the previous closing price of $19.21. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 1.39 million shares were traded. IRT stock price reached its highest trading level at $19.3445 during the session, while it also had its lowest trading level at $19.03.
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 95.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.77. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.64.
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, Deutsche Bank on January 30, 2024, initiated with a Buy rating and assigned the stock a target price of $18.
On December 15, 2023, BMO Capital Markets Downgraded its rating to Underperform which previously was Market Perform and also upped its target price recommendation from $14 to $15.
BMO Capital Markets Downgraded its Outperform to Market Perform on July 18, 2023, while the target price for the stock was maintained at $19.
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 4434079744 and an Enterprise Value of 6642583552. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.94 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 10.218 whereas that against EBITDA is 18.772.
Stock Price History:
Over the past 52 weeks, IRT has reached a high of $21.20, while it has fallen to a 52-week low of $11.52. The 50-Day Moving Average of the stock is -4.28%, while the 200-Day Moving Average is calculated to be 11.06%.
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 1795860 shares per day. A total of 236.62M shares are outstanding, with a floating share count of 234.88M. Insiders hold about 0.74% of the company’s shares, while institutions hold 88.98% stake in the company. Shares short for IRT as of 1726185600 were 23821123 with a Short Ratio of 12.23, compared to 1723680000 on 12380209. Therefore, it implies a Short% of Shares Outstanding of 23821123 and a Short% of Float of 15.32.
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 3.61.
