Media stories about Independence Realty Trust (NYSE:IRT) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news 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 0.06 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.3840861601723 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Independence Realty Trust (NYSE:IRT) opened at $10.54 on Friday. The stock has a market capitalization of $878.62, a price-to-earnings ratio of 14.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.40 and a quick ratio of 0.40. Independence Realty Trust has a 52-week low of $8.06 and a 52-week high of $10.63.

Independence Realty Trust (NYSE:IRT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.11. The company had revenue of $39.86 million for the quarter, compared to analyst estimates of $40.38 million. Independence Realty Trust had a negative return on equity of 3.08% and a negative net margin of 10.91%. Independence Realty Trust’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. equities analysts expect that Independence Realty Trust will post 0.74 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date is Thursday, December 28th. Independence Realty Trust’s payout ratio is currently -276.92%.

Several equities research analysts have recently commented on IRT shares. BidaskClub upgraded Independence Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, August 2nd. Zacks Investment Research cut Independence Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. FBR & Co reiterated a “buy” rating and issued a $11.50 price objective on shares of Independence Realty Trust in a research report on Tuesday, September 12th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $11.00 price objective on shares of Independence Realty Trust in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Independence Realty Trust has an average rating of “Buy” and a consensus target price of $11.33.

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About Independence Realty Trust

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.

Insider Buying and Selling by Quarter for Independence Realty Trust (NYSE:IRT)

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