Monthly Drifts in Independence Realty Trust Inc. (IRT) Stock: A Closer Look

At the time of writing, Independence Realty Trust Inc. [IRT] stock is trading at $16.66, down -0.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IRT shares have lost -0.77% over the last week, with a monthly amount glided 5.71%, and seem to be holding up well over a long-time horizon.

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On 26, April 2023, Independence Realty Trust Announces First Quarter 2023 Financial Results. In a post published today on Yahoo Finance, Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2023 financial results.

From an analyst’s perspective:

For the past year, the stock price of Independence Realty Trust Inc. fluctuated between $14.55 and $23.61. Currently, Wall Street analysts expect the stock to reach $20.42 within the next 12 months. Independence Realty Trust Inc. [NYSE: IRT] shares were valued at $16.66 at the most recent close of the market. An investor can expect a potential return of 22.57% based on the average IRT price forecast.

Analyzing the IRT fundamentals

According to Independence Realty Trust Inc. [NYSE:IRT], the company’s sales were 161.37 billion in the recent quarter, which represents an 7.30% jump. In this publicly-traded organization, revenue per employee is $680,959, while income per employee is $127,030. Gross Margin for this corporation currently stands at +18.59% with Operating Margin at +14.38%, Pretax Margin comes in at +19.20%, and Net Margin reading is +18.65%. To continue investigating profitability, this company’s Return on Assets is posted at 1.80, Equity is 3.31, Total Capital is 1.42, and Invested Capital is 1.89. An extended look at the Principal structure reveals enduring liabilities to the total capital of 42.28 and enduring liabilities to assets of 40.34.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.38 points at the first support level, and at 16.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.89, and for the 2nd resistance point, it is at 17.12.

Independence Realty Trust Inc. [IRT] reported earnings per share of $0.04 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0.01 and a surprise factor of 33.30%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.15 per share as compared to estimates of $0.06 per share, a difference of $0.09 representing a surprise of 150.00%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.99, the price to book ratio is 1.05 and the P/E (TTM) ratio is 73.07.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 13 insider sellings of 30,829 shares. Recent insider trading involved SCHAEFFER SCOTT, Chair of Board & CEO, that happened on Dec 07 when 16656.0 shares were sold. Chair of Board & CEO, SCHAEFFER SCOTT completed a deal on Dec 06 to sell 0.16 million shares.