Independence Realty Trust (NYSE:IRT) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.
Shares of Independence Realty Trust (IRT) opened at $8.53 on Wednesday. Independence Realty Trust has a one year low of $8.26 and a one year high of $10.63. The stock has a market cap of $712.41, a price-to-earnings ratio of -32.81 and a beta of 0.91. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.
IRT has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and set a $11.00 price target on shares of Independence Realty Trust in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Independence Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, National Securities lifted their price target on shares of Independence Realty Trust from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Independence Realty Trust presently has an average rating of “Buy” and a consensus target price of $11.33.
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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