Somewhat Positive Press Coverage Somewhat Unlikely to Affect Independence Realty Trust (IRT) Share Price
News coverage about Independence Realty Trust (NYSE:IRT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news 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 news sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.662196151008 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Independence Realty Trust Inc (IRT) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Independence Realty Trust Inc (IRT) Expected to Announce Quarterly Sales of $42.51 Million (americanbankingnews.com)
- Independence Realty Trust Inc (IRT) Moving 0.51% in Session – Clawson News (clawsonnews.com)
- 7% Dividend Yield And 16% Upside With Independence Realty Trust – Seeking Alpha (seekingalpha.com)
- Independence Realty Trust Inc (IRT) Short Interest Update (americanbankingnews.com)
IRT has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of Independence Realty Trust in a research report on Tuesday, December 5th. They set a “sector weight” rating for the company. Zacks Investment Research lowered shares of Independence Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. National Securities boosted 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. ValuEngine upgraded shares of Independence Realty Trust from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Independence Realty Trust in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Independence Realty Trust has a consensus rating of “Buy” and an average target price of $11.33.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.11. Independence Realty Trust had a negative net margin of 10.91% and a negative return on equity of 3.08%. The company had revenue of $39.86 million during the quarter, compared to the consensus estimate of $40.38 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. research analysts predict that Independence Realty Trust will post 0.74 earnings per share for the current fiscal year.
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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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