Ratios Revealed: Decoding Independence Realty Trust Inc (IRT)’s Financial Health

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The closing price of Independence Realty Trust Inc (NYSE: IRT) was $18.06 for the day, down -0.71% from the previous closing price of $18.19. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 2.29 million shares were traded. IRT stock price reached its highest trading level at $18.12 during the session, while it also had its lowest trading level at $17.95.

Ratios:

Our analysis of IRT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 97.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.71. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.66.

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 4202290944 and an Enterprise Value of 6412553216. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.16 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 9.78 whereas that against EBITDA is 18.061.

Stock Price History:

The Beta on a monthly basis for IRT is 1.11, which has changed by 0.042123437 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, IRT has reached a high of $18.30, while it has fallen to a 52-week low of $11.52. The 50-Day Moving Average of the stock is 8.66%, while the 200-Day Moving Average is calculated to be 19.34%.

Shares Statistics:

IRT traded an average of 2.50M shares per day over the past three months and 4471450 shares per day over the past ten days. A total of 224.71M shares are outstanding, with a floating share count of 223.34M. Insiders hold about 0.78% of the company’s shares, while institutions hold 90.09% stake in the company. Shares short for IRT as of 1715731200 were 8558736 with a Short Ratio of 3.53, compared to 1713139200 on 7331990. Therefore, it implies a Short% of Shares Outstanding of 8558736 and a Short% of Float of 5.510000000000001.

Dividends & Splits

With its trailing 12-month dividend rate of 0.64, IRT has a forward annual dividend rate of 0.28. Against a Trailing Annual Dividend Yield of 0.035184164The stock’s 5-year Average Dividend Yield is 3.76.

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