Independence Realty Trust (IRT) Earns Media Impact Score of 0.06
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:
- Zacks: Analysts Expect Independence Realty Trust, Inc. (IRT) Will Announce Quarterly Sales of $43.11 Million (americanbankingnews.com)
- Independence Realty Trust, Inc. (IRT) Price Target Raised to $11.00 (americanbankingnews.com)
- Brokerages Expect Independence Realty Trust, Inc. (IRT) to Post $0.18 Earnings Per Share (americanbankingnews.com)
- Independence Realty Trust Enters Into $100M Loan (seekingalpha.com)
- Independence Realty Trust Obtains $100 Million Term Loan – Business Wire (press release) (businesswire.com)
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.
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.
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