Shares of Independence Realty Trust Inc (NYSE:IRT) have been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.25.
Several equities research analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $11.00 target price on shares of Independence Realty Trust in a research report on Tuesday, October 17th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, November 1st. B. Riley reiterated a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Independence Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, National Securities lifted their target price on shares of Independence Realty Trust from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd.
Independence Realty Trust (NYSE IRT) traded up $0.13 on Friday, hitting $8.50. 825,809 shares of the stock were exchanged, compared to its average volume of 654,291. Independence Realty Trust has a one year low of $8.26 and a one year high of $10.63. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm has a market cap of $699.05, a P/E ratio of -32.69 and a beta of 0.90.
Independence Realty Trust Company Profile
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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