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IRT
Stock ticker: NYSE
AS OF
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Capitalization
3.16B

IRT Independence Realty Trust Forecast, Technical & Fundamental Analysis

a real estate investment trust

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IRT with price predictions
08:00 PM EDT Sep 28, 2023

IRT's Indicator enters downward trend

The Aroon Indicator for IRT entered a downward trend on September 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 110 similar instances where the Aroon Indicator formed such a pattern. In of the 110 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IRT as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IRT turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for IRT moved below the 200-day moving average on September 07, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IRT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IRT advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

IRT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.890) is normal, around the industry mean (1.994). P/E Ratio (44.053) is within average values for comparable stocks, (43.456). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.359). Dividend Yield (0.041) settles around the average of (0.072) among similar stocks. P/S Ratio (4.878) is also within normal values, averaging (6.175).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. IRT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are PROLOGIS (NYSE:PLD), American Tower Corp (NYSE:AMT), Simon Property Group (NYSE:SPG), Annaly Capital Management (NYSE:NLY), Rithm Capital Corp (NYSE:RITM), Tanger Factory Outlet Centers (NYSE:SKT), Innovative Industrial Properties (NYSE:IIPR).

Industry description

A real estate investment trust (REIT) is a company any that owns, and in most cases, operates, income-producing real estate – ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs are involved in financing real estate. Equity REITs invest in and own properties, while mortgage REITs own and invest in property mortgages. REITs are required by law to pay out at least 90% of their annual taxable income (excluding capital gains) to shareholders in the form of dividends. Some REITs could be more cyclical than others; for example, when an economy is undergoing a recession, hotel REITs could be more vulnerable, compared to say healthcare REIT given that healthcare needs are less likely to depend on economic cycles. American Tower Corporation, Prologis, Inc. and Crown Castle International Corp are some of the biggest REIT companies in the U.S.

Market Cap

The average market capitalization across the Real Estate Investment Trusts Industry is 4.62B. The market cap for tickers in the group ranges from 51.9K to 243.79B. COFRF holds the highest valuation in this group at 243.79B. The lowest valued company is PDNLB at 51.9K.

High and low price notable news

The average weekly price growth across all stocks in the Real Estate Investment Trusts Industry was -1%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was -5%. MDV experienced the highest price growth at 13%, while PRETL experienced the biggest fall at -26%.

Volume

The average weekly volume growth across all stocks in the Real Estate Investment Trusts Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 19% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 58
Price Growth Rating: 63
SMR Rating: 79
Profit Risk Rating: 86
Seasonality Score: -30 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

IRT is expected to report earnings to rise 53.40% to 7 cents per share on October 25

Independence Realty Trust IRT Stock Earnings Reports
Q3'23
Est.
$0.08
Q2'23
Est.
$0.05
Q1'23
Est.
$0.04
Q4'22
Beat
by $0.09
Q3'22
Beat
by $0.06
The last earnings report on July 26 showed earnings per share of 5 cents, meeting the estimate of 5 cents. With 1.61M shares outstanding, the current market capitalization sits at 3.16B.
A.I.Advisor
published Dividends

IRT is expected to pay dividends on October 20, 2023

Independence Realty Trust IRT Stock Dividends
A dividend of $0.16 per share will be paid with a record date of October 20, 2023, and an ex-dividend date of September 28, 2023. The last dividend of $0.16 was paid on July 21. Read more...
A.I. Advisor
published General Information

General Information

a real estate investment trust

Industry RealEstateInvestmentTrusts

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
1835 Market Street
Phone
+1 267 270-4800
Employees
923
Web
https://www.irtliving.com
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IRT and

Correlation & Price change

A.I.dvisor indicates that over the last year, IRT has been closely correlated with MAA. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if IRT jumps, then MAA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IRT
1D Price
Change %
IRT100%
N/A
MAA - IRT
85%
Closely correlated
-0.22%
UDR - IRT
84%
Closely correlated
N/A
CPT - IRT
83%
Closely correlated
-0.04%
AIRC - IRT
83%
Closely correlated
+0.20%
AVB - IRT
82%
Closely correlated
+0.26%
More

Groups containing IRT

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IRT
1D Price
Change %
IRT100%
N/A
IRT
(undefined stocks)
88%
Closely correlated
+0.08%
south
(undefined stocks)
87%
Closely correlated
+0.14%
reits
(undefined stocks)
87%
Closely correlated
+0.18%
investment trust
(undefined stocks)
87%
Closely correlated
+0.12%
real estate
(undefined stocks)
86%
Closely correlated
+0.05%
More