Independence Realty Trust Inc Reaches New 12-Month High at $9.28 (IRT)
Independence Realty Trust (NYSE:IRT)’s share price reached a new 52-week high during trading on Thursday, Stock Ratings Network reports. The stock traded as high as $9.28 and last traded at $8.92, with a volume of 39,209 shares traded. The stock had previously closed at $8.63.
IRT has been the subject of a number of recent research reports. Analysts at Compass Point raised their price target on shares of Independence Realty Trust from $9.50 to $10.50 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. Analysts at JMP Securities initiated coverage on shares of Independence Realty Trust in a research note to investors on Monday, October 28th. They set an “outperform” rating and a $9.50 price target on the stock.
Independence Realty Trust has a 52 week low of $7.90 and a 52 week high of $8.85. The stock’s 50-day moving average is $8.42 and its 200-day moving average is $8.42.
Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.01. On average, analysts predict that Independence Realty Trust will post $0.76 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of 0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Thursday, March 27th.
Independence Realty Trust, Inc is a real estate investment trust (NYSE:IRT).
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