News coverage about Independence Realty Trust (NYSE:IRT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. 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 -1 to 1, with scores nearest to one being the most favorable. Independence Realty Trust earned a news impact score of 0.24 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.1325068804715 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of brokerages recently weighed in on IRT. Zacks Investment Research cut shares of Independence Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 25th. ValuEngine upgraded shares of Independence Realty Trust from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. KeyCorp began coverage on shares of Independence Realty Trust in a research note on Tuesday, December 5th. They set a “sector weight” rating for the company. National Securities increased 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. Finally, B. Riley reiterated a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $11.33.
Shares of Independence Realty Trust (NYSE:IRT) opened at $8.78 on Friday. Independence Realty Trust has a 52 week low of $8.26 and a 52 week high of $10.63. The company has a market cap of $724.11, a price-to-earnings ratio of -33.77 and a beta of 0.91. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.14.
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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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