Independence Realty Trust (IRT) Given Media Sentiment Score of 0.17

News headlines about Independence Realty Trust (NYSE:IRT) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Independence Realty Trust earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.9344825708058 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several analysts recently weighed in on IRT shares. B. Riley restated a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $11.00 target price on shares of Independence Realty Trust in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Independence Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, National Securities increased their target price on Independence Realty Trust from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.33.

Shares of Independence Realty Trust (NYSE:IRT) traded down $0.03 during mid-day trading on Thursday, hitting $9.69. The company’s stock had a trading volume of 491,612 shares, compared to its average volume of 537,227. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.40 and a quick ratio of 0.40. Independence Realty Trust has a 52 week low of $8.57 and a 52 week high of $10.63. The company has a market cap of $809.30, a P/E ratio of -37.27 and a beta of 1.08.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.11. Independence Realty Trust had a negative return on equity of 3.08% and a negative net margin of 10.91%. The company had revenue of $39.86 million during the quarter, compared to the consensus estimate of $40.38 million. During the same quarter last year, the company earned $0.21 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. equities analysts expect that Independence Realty Trust will post 0.74 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Shareholders 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 7.43%. 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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