It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Independence Realty Trust Inc. (IRT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.23, or -1.28%, to $17.77. Volume reached 51,354 shares, with price reaching a high of $17.77 and a low of $17.77. Recently, Yahoo Finance discussed the stock, revealing that Independence Realty Trust Scheduled to Host Investor Meetings at Bank of America Securities 2022 Global Real Estate Conference on September 13 and 14.
Independence Realty Trust Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Residential industry. At the end of the last regular session, the stock closed at $17.77 and fluctuated between $17.95 as its day high and $17.62 as its day low. The current market capitalization of Independence Realty Trust Inc. is $3.91B. A total of 1.91 million shares were traded on the day, compared to an average of 1.81M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, IRT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 23 SELLs from insiders. Insiders purchased 703,389 shares during that period but sold 209,672.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Independence Realty Trust Inc. pays an annual dividend of $0.56, resulting in a dividend yield of 3.15%, and it has a price to earnings (P/E) ratio of 27.98. IRT’s most recent ex-dividend date was 06/30/2022 when it declared a $0.14 quarterly dividend that was paid in cash on 07/22/2022. Previously, the company paid the dividend on 04/22/2022 with an ex-dividend date of 03/31/2022. The dividend was $0.12 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for IRT in the last 3 months, the mean price target is $26.17 with high estimates of $30.00 and low estimates of $23.00. In terms of 52-week highs and lows, IRT has a high of $28.42 and a low of $17.98.
As of this writing, IRT has an earnings estimate of $0.27 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.27.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IRT is Hold with a score of 4.64. A total of 8 analysts rated the stock as Buy while 3 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.