News articles about Independence Realty Trust (NYSE:IRT) have trended somewhat positive on Thursday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independence Realty Trust earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 47.662196151008 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Independence Realty Trust Inc (IRT) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Independence Realty Trust Inc (IRT) Expected to Announce Quarterly Sales of $42.51 Million (americanbankingnews.com)
- Independence Realty Trust Inc (IRT) Moving 0.51% in Session – Clawson News (clawsonnews.com)
- 7% Dividend Yield And 16% Upside With Independence Realty Trust – Seeking Alpha (seekingalpha.com)
- Independence Realty Trust Inc (IRT) Short Interest Update (americanbankingnews.com)
Several equities research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and issued a $11.00 price objective on shares of Independence Realty Trust in a research note on Tuesday, October 17th. KeyCorp began coverage on shares of Independence Realty Trust in a research note on Tuesday, December 5th. They issued a “sector weight” rating for the company. Zacks Investment Research upgraded shares of Independence Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.33.
Independence Realty Trust (NYSE:IRT) opened at $9.53 on Thursday. Independence Realty Trust has a one year low of $8.57 and a one year high of $10.63. The firm has a market cap of $795.93, a P/E ratio of -36.65 and a beta of 1.08. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.14.
Independence Realty Trust (NYSE:IRT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.11. Independence Realty Trust had a negative net margin of 10.91% and a negative return on equity of 3.08%. The business had revenue of $39.86 million during the quarter, compared to analyst estimates of $40.38 million. During the same period in the previous year, the business earned $0.21 EPS. Independence Realty Trust’s revenue was up 1.1% compared to the same quarter last year. equities analysts predict that Independence Realty Trust will post 0.74 earnings per share for the current fiscal year.
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Independence Realty Trust Company Profile
Independence Realty Trust, Inc is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets.
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