Independence Realty Trust (IRT) Earns Media Impact Score of 0.17
Media stories about Independence Realty Trust (NYSE:IRT) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Independence Realty Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.3871752561285 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Independence Realty Trust (IRT) Upgraded by ValuEngine to “Strong-Buy” (americanbankingnews.com)
- Investor Review: Tracking Shares of Independence Realty Trust, Inc. (:IRT) – Clawson News (clawsonnews.com)
- What’s Happening With These REIT Stocks? — AGNC Investment, Independence Realty… (culthub.com)
- What’s Happening With These REIT Stocks? — AGNC Investment, Independence Realty Trust, American Campus … – PR Newswire (press release) (prnewswire.com)
- Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for December 28, 2017 – Nasdaq (nasdaq.com)
IRT has been the topic of a number of research analyst reports. ValuEngine upgraded Independence Realty Trust from a “buy” rating to a “strong-buy” rating in a report on Sunday. Zacks Investment Research cut Independence Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. National Securities lifted their price objective on Independence Realty Trust from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, November 1st. Finally, KeyCorp began coverage on Independence Realty Trust in a research report on Tuesday, December 5th. They set a “sector weight” rating on the stock. One 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 stock presently has a consensus rating of “Buy” and a consensus price target of $11.33.
Shares of Independence Realty Trust (IRT) opened at $10.18 on Wednesday. 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 capitalization of $842.70, a P/E ratio of -39.15 and a beta of 1.06. Independence Realty Trust has a 12-month low of $8.57 and a 12-month high of $10.63.
Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.11. The business had revenue of $39.86 million for the quarter, compared to analysts’ expectations of $40.38 million. Independence Realty Trust had a negative return on equity of 3.08% and a negative net margin of 10.91%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. equities research analysts anticipate that Independence Realty Trust will post 0.74 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.07%. Independence Realty Trust’s dividend payout ratio is currently -276.92%.
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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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