Zacks Investment Research downgraded Independence Realty Trust Inc (NYSE:IRT) to Sell in a statement released earlier today.
- Updated: January 11, 2017
Boasting a price of $8.99, Independence Realty Trust Inc (NYSE:IRT) traded -0.11% lower on the day. The last closing price is up 0.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.05% over the same time. The company has recorded a 50-day moving average of $8.74 and a 200-day moving average of $8.95. 781,291 shares of IRT traded hands, down from an average trading volume of 1,119,970
Zacks Investment Research has downgraded Independence Realty Trust Inc (NYSE:IRT) to Sell in a statement released on 01/11/2017.
Recent Performance Chart
Independence Realty Trust Inc has a 52 week low of $5.97 and a 52 week high of $10.70 IRT’s total market value is presently $0.
A total of 6 equity analysts have released a ratings update on IRT. 3 brokers rating the stock a strong buy, 2 brokerages rating the company a buy, one brokerage rating the company a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell with a one year target of $9.08.
More About Independence Realty Trust Inc (NYSE:IRT)
Independence Realty Trust, Inc. is an externally managed and advised apartment real estate investment trust (REIT). The Company's business consists of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. It owns and operates a portfolio of garden style and mid-rise apartment communities in the Southeastern United States. The Company's portfolio consists of approximately 50 apartment properties containing an aggregate of over 13,700 apartment units. The Company's portfolio has an average occupancy of approximately 93.6%. Its apartment properties include Belle Creek, Copper Mill, Crestmont, Cumberland Glen, Heritage Trace, Tresa at Arrowhead, Centrepoint, Augusta, Carrington Park, Arbors at the Reservoir, Walnut Hill, Lenoxplace, Stonebridge Crossing, Miller Creek at German Town, Pointe at Canyon Ridge, St James at Goose Creek and Talison Row at Daniel Island. It is managed by a subsidiary of RAIT Financial Trust (RAIT).
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