Independence Realty Trust Inc (NYSE:IRT) Downgraded by Zacks Investment Research to Hold

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Independence Realty Trust Inc stock has undergone multiple analysts rating changes in the recent past.  Independence Realty Trust Inc Downgraded by Zacks Investment Research on 10/1/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Independence Realty Trust Inc traded up $0.09 on Thursday, reaching $11.59. 0 shares of the stock traded hands, compared to its average volume of 606185. Shares of Independence Realty Trust Inc were trading at $11.59 on Thursday. The firm’s 50 day moving average is $11.55 and its 200 day moving average is $11.77.Independence Realty Trust Inc has a 12 month low of $11.45 and a 12 month high of $16.85. While on yearly highs and lows, Independence Realty Trust Inc’s today has traded high as $11.95 and has touched $11.45 on the downward trend. See More Analyst Rating at: RATING

Independence Realty Trust Inc Earnings and What to expect: 

Independence Realty Trust last released its earnings results on July 29th, 2020. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.18 by $0.17. The firm had revenue of $52.09 million for the quarter, compared to analysts’ expectations of $52.69 million. Independence Realty Trust has generated $0.76 earnings per share over the last year and currently has a price-to-earnings ratio of 36.2. Independence Realty Trust has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 4th, 2020 based off prior year’s report dates.

Earnings for Independence Realty Trust are expected to grow by 7.14% in the coming year, from $0.70 to $0.75 per share. The P/E ratio of Independence Realty Trust is 36.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Independence Realty Trust is 36.22, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.37. Independence Realty Trust has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 0.87%
  • On 5/11/2020 Director Richard H Ross Sell 16,000 at average share price of $9.66 which equates to $154,560.00 in money value.
  • On 3/20/2020 CFO James J Sebra Buy 2,700 at average price of  $9.16 with total value of : $24,732.00
  • On 3/20/2020 CEO Scott Schaeffer Buy 25,000 at average price of  $9.39 with total value of : $234,750.00

Other owners latest trading in Independence Realty Trust Inc :

  • On 9/15/2020 shares held by Two Sigma Advisers LP were 12,900 which equates to market value of $0.15M and appx 0.00% owners of Independence Realty Trust Inc
  • On 9/4/2020 shares held by Principal Financial Group Inc. were 1,978,215 which equates to market value of $22.73M and appx 0.00% owners of Independence Realty Trust Inc
  • On 8/26/2020 shares held by Handelsbanken Fonder AB were 15,161 which equates to market value of $0.17M and appx 0.00% owners of Independence Realty Trust Inc
  • In total Institutional ownership equates to Institutional Ownership Percentage: 96.53% for Independence Realty Trust Inc

Analyst at Zacks Investment Research are also talking about :

  • 9/23/2020 – Independence Realty Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)
  • 9/19/2020 – Independence Realty Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. (View)
  • 8/5/2020 – Independence Realty Trust was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating. They now have a $13.00 price target on the stock. (View)
  • 8/4/2020 – Independence Realty Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)

Independence Realty Trust Inc (NYSE:IRT) Moving Average Technical Analysis

5 day Moving Average is $11.42 And 5 day price change is $0.67 (6.14%)  with average volume for 5 day average is 698,660. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.55 and 20 day price change is -$0.20 (-1.70%) and average 20 day moving volume is 652,565. 50 day moving average is $11.55  and 50 day price change is $0.66 ( 6.04%)  and with average volume for 50 days is : 612,436. 200 day moving average is $11.77  and 200 day price change is -$2.12 (-15.46%)  and with average volume for 200 days is : 797,094.

See More Analyst Rating at: RATING