Independence Realty Trust, Inc. (NYSE:IRT) Experiences Heavier than Usual Trading Volume

IRT has been the subject of a number of other research reports.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. BidaskClub lowered shares of Independence Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 24th.

Company shares are trading at $10.31 which is marginally higher than $10.14, the stock's 50 day moving average and just a bit higher than the 200 day moving average of $9.67. Additionally the company recently announced a dividend for shareholders payable on Friday October 13th, 2017. UBS AG raised United Dominion Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the company from $39.00 to $43.00 in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company.

According to Financial Times, The 10 analysts offering 12 month price targets for Gentex Corporation have a median target of 22.00, with a high estimate of 25.00 and a low estimate of 10.00. Independence Realty Trust had a negative net margin of 10.28% and a negative return on equity of 3.22%. The stock touched 52-week High of $10.70 on 09/26/16 and 52-week Low of $7.74 on 11/04/16. The stock recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 33.66%. Ameriprise Financial Inc. now owns 322,564 shares of the real estate investment trust's stock worth $3,184,000 after buying an additional 311,700 shares during the period.

Independence Realty Trust (NYSE:IRT) last released its earnings results on Thursday, February 16th. This represents the Zacks consensus EPS measured at the time of writing. On average, equities analysts predict that Independence Realty Trust will post $0.27 EPS for the current year. Empyrean Capital Partners LP acquired a new stake in Independence Realty Trust during the third quarter valued at about $23,625,000. The company had revenue of $247.97 million during the quarter, compared to analyst estimates of $244.17 million. The analysts estimated EPS for the higher end at 0.15 and lower end at 0.05 while the year ago reported earnings per share was 0.03. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA & worldwide copyright legislation. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of worldwide copyright legislation.

The Altman Z-score is the output of a credit-strength test that gauges a publicly traded manufacturing company's likelihood of bankruptcy. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%. The ex-dividend date is set for Tuesday the 29th of August 2017.

In related news, CEO Scott Schaeffer purchased 35,000 shares of the business's stock in a transaction on Monday, August 7th. The total value of its holdings increased 7.7%. The portion of a company's profit allocated to each outstanding share of common stock was $1.7 a share in the trailing twelve months. The transaction was disclosed in a filing with the SEC, which is available at this link. It dived, as 25 investors sold IRT shares while 25 reduced holdings.

Analysts on average have given a price target of $10.93 to Independence Realty Trust, Inc. Oppenheimer Asset Management Inc. now owns 10,153 shares of the real estate investment trust's stock worth $100,000 after buying an additional 6,056 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of United Dominion Realty Trust by 3.3% during the 1st quarter. Profund Advisors LLC purchased a new position in shares of Independence Realty Trust in the 2nd quarter worth about $103,000. State Street Corp boosted its stake in Independence Realty Trust by 39.7% in the fourth quarter. As of quarter end Perigon Wealth Management, LLC had acquired 4,000 shares growing its position 51.9%.

Independence Realty Trust, Inc is an internally-managed real estate investment trust (REIT). The Company's business consists of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties primarily in Arizona, Colorado, Georgia, Indiana, Texas and Virginia.

Like this


20 September 2017
RNC covering more than $230000 in Trump legal fees
Trump is able to use campaign funds because he did not accept public financing for the campaign. Its next report is due at the Federal Election Commission on September 20.

20 September 2017
Abeona Therapeutics' (ABEO) "Buy" Rating Reaffirmed at HC Wainwright
In a report issued on September 14, RBC Capital also initiated coverage with a Buy rating on the stock with a $23 price target. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst.

20 September 2017
Tomb Raider teaser trailer comes out, with its first poster!
Thanks to co-star Daniel Wu , we've got a sneak peek at the trailer for the upcoming Tomb Raider reboot starring Alicia Vikander . Lara Croft is the fiercely independent daughter of an eccentric adventurer who vanished when she was scarcely a teen.

20 September 2017
It's International Talk Like a Pirate Day!
To change the language , scroll down on any window in Facebook and look for "English (US)". Minutes will show up as "shots o' rum" and hours will show up as "turns o'the hourglass".

20 September 2017
Border China General Nuclear Power Corporation
NuGeneration, which is more commonly known as NuGen, was a 60-40 percent joint venture between Japan's Toshiba and France's Engie. Several bidders have expressed an interest in buying into the ownership of NuGen, including South Korea's Kepco.

20 September 2017
Paytm Mera cashback sale starts tomorrow, watch out for these offers
Starting September 20, Paytm Mall will return the entire amount to 25 lucky phone buyers for the next four days. However, if you want it at an even lower price, you can wait till tomorrow when the cashback sale begins.

20 September 2017
Revenue Estimates Analysis Of Cenovus Energy Inc. (CVE)
Technical analysis is as a method that applies to take a guess of future price trends through analyzing market action. The fund owned 5,648,277 shares of the oil and gas company's stock after selling 1,306,271 shares during the quarter.

20 September 2017
Twitter suspends nearly a million accounts for promoting terrorism in two years
Twitter said that fewer than 2 percent of accounts that were suspended were reported by governments around the world. The number of terrorist accounts suspended is down 20% over the last report.

20 September 2017
Adobe Systems Incorporated (ADBE) is WestEnd Advisors LLC's 5th Largest Position
Adobe noted that Digital Media segment revenue was $1.27 billion in the latest period, while Creative revenue was $1.06 billion. The stock has performed -0.70% over the last seven days, 5.09% over the last thirty, and 10.99% over the last three months.

20 September 2017
Goldman Sachs Group, Inc. (The) Reaffirms "Sell" Rating for AstraZeneca plc (AZN)
The shares were purchased at an average cost of GBX 4,370 ($58.92) per share, for a total transaction of £1,704.30 ($2,297.83). Several analysts have released their opinion on AstraZeneca PLC (NYSE: AZN ), with 2 analysts believing it is a strong buy.