Somewhat Positive Media Coverage Somewhat Unlikely to Impact Independence Realty Trust (IRT) Share Price

News articles about Independence Realty Trust (NYSE:IRT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Independence Realty Trust earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.0682473569373 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Independence Realty Trust (NYSE:IRT) opened at $10.16 on Tuesday. Independence Realty Trust has a 12-month low of $8.33 and a 12-month high of $10.63. The company has a market cap of $851.89, a price-to-earnings ratio of 13.97 and a beta of 1.06. 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 (NYSE:IRT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, beating the consensus estimate of $0.08 by $0.11. The firm had revenue of $39.86 million during the quarter, compared to the consensus estimate of $40.38 million. Independence Realty Trust had a negative net margin of 10.91% and a negative return on equity of 3.08%. Independence Realty Trust’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. equities analysts forecast that Independence Realty Trust will post 0.74 earnings per share 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 paid a $0.06 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.72 annualized dividend and a yield of 7.09%. Independence Realty Trust’s dividend payout ratio is currently -276.92%.

Several research firms recently commented on IRT. 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. National Securities upped their price target on shares of Independence Realty Trust from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. BidaskClub downgraded shares of Independence Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. B. Riley reiterated a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, November 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Independence Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $11.33.

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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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