A Director at Independence Realty (IRT) is Selling Shares


Today, a Director at Independence Realty (IRT), Richard Ross, sold shares of IRT for $75.76K.

Following Richard Ross’ last IRT Sell transaction on November 04, 2016, the stock climbed by 2.6%.

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Based on Independence Realty’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $49.1 million and quarterly net profit of $4.79 million. In comparison, last year the company earned revenue of $40.08 million and had a net profit of $1.1 million. IRT’s market cap is $864.8M and the company has a P/E ratio of 45.86. Currently, Independence Realty has an average volume of 503.5K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.70, reflecting a 7.6% upside.

Richard Ross’ trades have generated a 7.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Independence Realty Trust, Inc. is a real estate investment trust. It owns and operates multifamily apartment communities across non-gateway U.S. markets, including Louisville, Memphis, Atlanta and Raleigh. The company is focused on gaining scale within key amenity rich submarkets that offer school districts, retail and employment centers.

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