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).
IRT is down with the other REIT's today with a up market but on low volume. It has a nice trading channel and at or near 7 might be a good entry on bigger pull back on a down market. They also pay divi's monthly. I owned it a few months ago but stopped out for a small loss.
I normally don't buy a dropping stock in a up market but being as it was a sector issue and the drop was on very low volume...With that I started a small position in IRT, 2 cents off the LOD and midway through the channel. The bigger buy will be at or near the bottom of the channel if it gets there. Getting back to the divi, they pay .06 per month or .18 per quarter, not a bad yield for this price range. Volume
Independence Realty Trust Schedules First Quarter 2016 Financial Results Release Date and Conference Call Independence Realty Trust, Inc. (NYSE MKT: IRT) (“IRT”) today announced that it expects to release its first quarter 2016 financial results before U.S. stock markets open on Wednesday, May 4, 2016 and invites investors and other interested parties to listen to its quarterly results conference call on Wednesday, May 4, 2016 at 9:00 a.m. Eastern time. All interested parties can access the live conference call webcast from the investor relations section of the IRT website at www.irtreit.com or by dialing 1.877.787.3988, access code 91313256. For those who are not available to listen to the live call, the replay will be available shortly following the live call on IRT’s website and telephonically until Wednesday, May 11, 2016 by dialing 855.859.2056, access code 91313256. http://finance.yahoo.com/news/independence-realty-trust-schedules-first-201500861.html
I increased my position in IRT this morning. I have had a bid in for 6.99 for quite some time but the support has been strong from that level so I made my 2nd tier buy @7.02, one cent off the LOD. My bigger tier buys will be for any substantial pull back or add if I see a uptrend start. A .06 divi paid monthly for a sweet yield. TipTops - Top Picks http://stockaholics.net/threads/tiptops-top-picks.122/#post-3619
Nice close for IRT considering the market today. I have had a bid in for 6.99 for ever but the support is strong near that level. Earning before the bell tomorrow. Independence Realty Trust Schedules First Quarter 2016 Financial Results Release Date and Conference Call Independence Realty Trust, Inc. (NYSE MKT: IRT) (“IRT”) today announced that it expects to release its first quarter 2016 financial results before U.S. stock markets open on Wednesday, May 4, 2016 and invites investors and other interested parties to listen to its quarterly results conference call on Wednesday, May 4, 2016 at 9:00 a.m. Eastern time. All interested parties can access the live conference call webcast from the investor relations section of the IRT website at www.irtreit.com or by dialing 1.877.787.3988, access code 91313256. For those who are not available to listen to the live call, the replay will be available shortly following the live call on IRT’s website and telephonically until Wednesday, May 11, 2016 by dialing 855.859.2056, access code 91313256. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE MKT: IRT) is a real estate investment trust that seeks to own well-located apartment properties in geographic submarkets that it believes support strong occupancy and the potential for growth in rental rates. IRT seeks to provide stockholders with attractive risk-adjusted returns, with an emphasis on distributions and capital appreciation. IRT is advised by a wholly-owned subsidiary of RAIT Financial Trust (RAS). http://finance.yahoo.com/news/independence-realty-trust-schedules-first-201500861.html
IRT up on earnings as the DOW is down 127 points Independence Realty Trust reports 1Q results http://finance.yahoo.com/news/independence-realty-trust-reports-1q-120638903.html
That was my last tier trade on IRT as I could not get the 6.99 fill. Now closing in on the HOD with the DOW down 89 points
I made a numerous tier buys on IRT and made the last one was before the record date. They pay .06 every month, not per quarter Independence Realty Trust Announces First Quarter 2016 Financial Results http://finance.yahoo.com/news/independence-realty-trust-announces-first-120000181.html Independence Realty Trust Announces First Quarter 2016 Financial Results http://finance.yahoo.com/news/independence-realty-trust-announces-first-120000181.html
The uptrend continues as even when the markets are down RAIT Financial Trust Announces First Quarter 2016 Financial Results http://finance.yahoo.com/news/rait-financial-trust-announces-first-120000581.html
IRT sits above the upper BB and is overbought for those of you that missed the boat. As it finished strong in a down market it might go a little higher before a buying op presents it's self.
Looking to take some profits as IRT is getting very overbought...That is my trading shares as my long position is intact
During the market meltdown yesterday IRT gained share on 3 1/3 times the average volume. After profit taking from the overbought level IRT, appears to be ready for the next leg up. Looking at the chart, $8 should be on the horizon in the short term.
IRT continues the uptrend no matter what the weather is of late. I don't think a 9.75 mid term price target would be out of line from the double top waiting from February and March of 2015 Independence Realty Trust to Present at NAREIT’s REITWeek 2016 http://finance.yahoo.com/news/independence-realty-trust-present-nareit-201500169.html
