Independence Realty Trust Inc [NYSE: IRT] closed the trading session at $14.96. The company report on January 25, 2024 at 4:30 PM that Independence Realty Trust Announces Tax Treatment of Dividends in 2023.
Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:.
The stocks have a year to date performance of -2.22 percent and weekly performance of -1.58 percent. The stock has been moved at -8.97 percent over the last six months. The stock has performed -3.55 percent around the most recent 30 days and changed 21.67 percent over the most recent 3-months.
If compared to the average trading volume of 2.56M shares, IRT reached to a volume of 3974361 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Independence Realty Trust Inc [IRT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IRT shares is $17.37 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IRT stock is a recommendation set at 1.91. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for Independence Realty Trust Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 30, 2024.
The Average True Range (ATR) for Independence Realty Trust Inc is set at 0.42, with the Price to Sales ratio for IRT stock in the period of the last 12 months amounting to 5.12. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 0.22. Price to Free Cash Flow for IRT in the course of the last twelve months was 27.00.
IRT stock trade performance evaluation
Independence Realty Trust Inc [IRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.58. With this latest performance, IRT shares dropped by -3.55% in over the last four-week period, additionally sinking by -8.97% over the last 6 months – not to mention a drop of -18.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IRT stock in for the last two-week period is set at 48.46, with the RSI for the last a single of trading hit 45.28, and the three-weeks RSI is set at 50.12 for Independence Realty Trust Inc [IRT]. The present Moving Average for the last 50 days of trading for this stock 14.81, while it was recorded at 15.03 for the last single week of trading, and 15.71 for the last 200 days.
Earnings per share (EPS) analysis for Independence Realty Trust Inc [IRT] stock
With the latest financial reports released by the company, Independence Realty Trust Inc posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 150.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Independence Realty Trust Inc go to -6.06%.
Independence Realty Trust Inc [IRT]: Institutional Ownership
The top three institutional holders of IRT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in IRT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in IRT stock with ownership which is approximately 5.8325%.
