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Independence Realty Trust, Inc. (IRT)

15.22   0.45 (3.05%) 03-24 16:00
Open: 14.58 Pre. Close: 14.77
High: 15.24 Low: 14.55
Volume: 2,046,810 Market Cap: 3,414(M)

Technical analysis

as of: 2023-03-24 4:27:12 PM
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 20.26     One year: 22.28
Support: Support1: 14.55    Support2: 12.1
Resistance: Resistance1: 17.34    Resistance2: 19.07
Pivot: 16.27
Moving Average: MA(5): 15.22     MA(20): 16.67
MA(100): 17.52     MA(250): 19.8
MACD: MACD(12,26): -0.9     Signal(9): -0.7
Stochastic oscillator: %K(14,3): 7.2     %D(3): 5.1
RSI: RSI(14): 30.5
52-week: High: 28.42  Low: 14.55
Average Vol(K): 3-Month: 2,037 (K)  10-Days: 2,337 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ IRT ] has closed above bottom band by 21.9%. Bollinger Bands are 90.7% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 5 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 15.25 - 15.34 15.34 - 15.43
Low: 14.34 - 14.44 14.44 - 14.54
Close: 15.05 - 15.21 15.21 - 15.37

Company Description

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

Headline News

Sun, 26 Mar 2023
213506 Shares in Independence Realty Trust, Inc. (NYSE:IRT ... - MarketBeat

Tue, 21 Mar 2023
B. Riley Wealth Advisors Inc. Boosts Stock Holdings in ... - MarketBeat

Mon, 20 Mar 2023
CFO4Life L.P. Invests $490000 in Independence Realty Trust, Inc ... - MarketBeat

Tue, 14 Mar 2023
Independence Realty Trust Announces Leadership Update and First ... - Business Wire

Tue, 14 Mar 2023
Independence Realty Trust declares $0.14 dividend (NYSE:IRT) - Seeking Alpha

Mon, 13 Mar 2023
Thornburg Investment Management Inc. Has $9.83 Million Stock ... - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Real Estate
Industry:  REIT—Residential
Shares Out. 224 (M)
Shares Float 221 (M)
% Held by Insiders 0.6 (%)
% Held by Institutions 89.4 (%)
Shares Short 6,660 (K)
Shares Short P.Month 5,680 (K)

Stock Financials

EPS 0.5
EPS Est Next Qtl 0.05
EPS Est This Year 0.46
EPS Est Next Year 0.28
Book Value (p.s.) 16.06
Profit Margin (%) 18.6
Operating Margin (%) 14.8
Return on Assets (ttm) 0.8
Return on Equity (ttm) 3.2
Qtrly Rev. Growth 114.8
Gross Profit (p.s.) 1.65
Sales Per Share 2.8
EBITDA (p.s.) 1.54
Qtrly Earnings Growth -34.3
Operating Cash Flow 250 (M)
Levered Free Cash Flow 231 (M)

Stock Valuations

PE Ratio 30.44
PEG Ratio -19.9
Price to Book value 0.94
Price to Sales 5.43
Price to Cash Flow 13.68

Stock Dividends

Dividend 0.14
Forward Dividend 0
Dividend Yield 0.9%
Dividend Pay Date 2022-01-20
Ex-Dividend Date 2021-12-28
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