Highly Traded Stock: Independence Realty Trust, Inc. (NYSEMKT:IRT)

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Independence Realty Trust, Inc. (NYSEMKT:IRT) Belonging to the Finance sector which declined -2.6% and closed its last trading session at $9.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 11/4/2016. Currently, the stock has a 1 Year Price Target of $10.08.

The consensus recommendation, according to Zacks Investment research, is 1.8. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 1.8 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.8 and 1.8 respectively.

Independence Realty Trust, Inc. on 6/30/2016 reported its EPS as $0.22 with the analysts projecting the EPS of the stock as $0.21. The company beat the analyst EPS Estimate with the difference of $0.01. This shows a surprise factor of 4.8%.

Many analysts have provided their estimated foresights on Independence Realty Trust, Inc. Earnings, with 7 analysts believing the company would generate an Average Estimate of $0.22. Whereas they predicted High and Low Earnings Estimate as $0.23 and $0.2 respectively. While in the same Quarter Previous year, the Actual EPS was $0.2.

Analysts are also projecting an Average Revenue Estimate for Independence Realty Trust, Inc. as $38.95 Million in the Current Quarter. This estimate is provided by 7 analysts. The High Revenue estimate is predicted as 42.5 Million, while the Low Revenue Estimate prediction stands at 37.65 Million. The company’s last year sales total was 25.49 Million.

The Company got Initiated by FBR Capital on 7-Apr-16 to Mkt Perform.

Insider Trades for Independence Realty Trust, Inc. show that the latest trade was made on 16 May 2016 where Schaeffer (Scott F), the Chief Executive Officer completed a transaction type “Buy” in which 12000 shares were traded at a price of $7.67.

6 analysts projected Price Targets for Independence Realty Trust, Inc. The analysts believe that the company stock price could grow as high as $11.5. The Low Price target projection by analysts is $9 and the Mean Price Target is $10.08.

Independence Realty Trust, Inc. (NYSEMKT:IRT) has the market capitalization of $438.66 Million. The stock has Return on Assets (ROA) of 4.2 percent. Return on Equity (ROE) stands at 15.6% and Return on Investment (ROI) of 0 percent.

The stock is currently showing YTD performance of 19.84 Percent. The company has Beta Value of 0 and ATR value of 0.35. The Weekly and Monthly Volatility stands at 3.81% and 3.52%.

Company profile:

Independence Realty Trust, Inc. is a real estate investment trust. It is focused on acquiring and owning well-located garden-style and mid-rise apartment properties. The Company owns apartment properties primarily in Arizona, Colorado, Georgia, Indiana, Texas and Virginia. Independence Realty Trust, Inc. is based in United States.