Independence Realty Trust Hits New 1-Year High at $9.75 (IRT)
Independence Realty Trust (NYSE:IRT)’s share price hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Net reports. The company traded as high as $9.75 and last traded at $9.65, with a volume of 56,648 shares traded. The stock had previously closed at $9.46.
A number of analysts have recently weighed in on IRT shares. Analysts at Ladenburg Thalmann raised their price target on shares of Independence Realty Trust from $0.25 to $9.75 in a research note on Thursday, May 29th. Separately, analysts at Deutsche Bank raised their price target on shares of Independence Realty Trust from $10.00 to $11.00 in a research note on Monday, May 12th. They now have a “positive” rating on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Independence Realty Trust in a research note on Thursday, April 10th. They set a “buy” rating and a $9.75 price target on the stock. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $10.10.
The stock has a 50-day moving average of $9.09 and a 200-day moving average of $8.76.
Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.01. Analysts expect that Independence Realty Trust will post $0.80 EPS for the current fiscal year.
Independence Realty Trust, Inc is a real estate investment trust (NYSE:IRT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.