Independence Realty Trust Inc [NYSE: IRT] surged by $0.13 during the normal trading session on while it closed the day at $20.75.
Independence Realty Trust Inc stock has also gained 3.39% of its value over the past 7 days. However, IRT stock has declined by -0.44% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.47% and gained 4.59% year-on date.
The market cap for IRT stock reached $4.91 billion, with 230.84 million shares outstanding and 228.59 million shares in the current float. Compared to the average trading volume of 1.61M shares, IRT reached a trading volume of 8226066 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 $21.62 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 1.75. 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.
Barclays have made an estimate for Independence Realty Trust Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $19 to $21. The new note on the price target was released on November 15, 2024, representing the official price target for Independence Realty Trust Inc stock. Previously, the target price had yet another raise to $18, while Deutsche Bank analysts kept a Buy rating on IRT stock. On December 15, 2023, analysts increased their price target for IRT shares from 14 to 15.
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 7.68. The Price to Book ratio for the last quarter was 1.39, with the Price to Cash per share for the same quarter was set at 0.18. Price to Free Cash Flow for IRT in the course of the last twelve months was 32.64.
IRT stock trade performance evaluation
Independence Realty Trust Inc [IRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.39. With this latest performance, IRT shares gained by 8.30% in over the last four-week period, additionally plugging by 7.47% over the last 6 months – not to mention a rise of 37.49% 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 67.56, with the RSI for the last a single of trading hit 74.14, and the three-weeks RSI is set at 61.75 for Independence Realty Trust Inc [IRT]. The present Moving Average for the last 50 days of trading for this stock 19.86, while it was recorded at 20.64 for the last single week of trading, and 19.41 for the last 200 days.
Independence Realty Trust Inc [IRT]: Institutional Ownership
The top three institutional holders of IRT stocks are: BLACKROCK INC. with ownership of 33.04 million shares, which is approximately 14.7073%. VANGUARD GROUP INC, holding 32.63 million shares of the stock with an approximate value of $$611.57 million in IRT stocks shares; and VANGUARD GROUP INC, currently with $$248.29 million in IRT stock with ownership which is approximately 5.8941%.
