News articles about Independence Realty Trust (NYSE:IRT) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Independence Realty Trust earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7184326764368 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

IRT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Independence Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 25th. KeyCorp initiated coverage on shares of Independence Realty Trust in a report on Tuesday, December 5th. They issued a “sector weight” rating on the stock. B. Riley set a $12.00 price target on shares of Independence Realty Trust and gave the company a “buy” rating in a report on Wednesday, February 21st. National Securities lifted their price target on shares of Independence Realty Trust from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 22nd. Finally, ValuEngine upgraded shares of Independence Realty Trust from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.29.

Independence Realty Trust (NYSE:IRT) opened at $9.00 on Wednesday. Independence Realty Trust has a one year low of $8.26 and a one year high of $10.63. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.20. The company has a market cap of $768.14, a price-to-earnings ratio of 21.43 and a beta of 0.95.

Independence Realty Trust (NYSE:IRT) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Independence Realty Trust had a net margin of 18.80% and a return on equity of 5.17%. The business had revenue of $42.31 million during the quarter, compared to analysts’ expectations of $43.59 million. During the same period in the prior year, the business posted $0.17 EPS. The business’s revenue was up 11.3% on a year-over-year basis. sell-side analysts forecast that Independence Realty Trust will post 0.76 earnings per share for the current year.

In other Independence Realty Trust news, CEO Scott Schaeffer bought 15,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $8.33 per share, with a total value of $124,950.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

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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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