Shaers of Independence Realty Trust, Inc. (:IRT) have been recommended as a long term growth pick according to Beta Research. With the firm’s stock price currently trading around $10.58, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 23.90% earnings per share growth over the past 5 years and 57.50% revenue growth over that same time frame.
With the stock market still riding high, bear market scenarios may not be at the forefront of the average investor’s mind. There are plenty of professionals out there that are predicting that the markets will be turning south in the near future. There are others who believe that the bulls are still in control, and they will be leading the charge higher over the next few months. Nobody knows for sure which scenario will play out, but being ready for any market situation may turn out to be a portfolio savior in the long-term. Any time the stock market drops sharply or sees sustained losses, investors may start to worry. These declines are usually followed by extreme headlines from financial news outlets. It is important to remember that corrections are a normal part of market cycles. Being able to control panic and pessimism may be a great skill for the investor to use when times get tough. Knowing exactly what stocks are in the portfolio can help make unsettling market conditions bearable for investors. If the hard research has been done and the plan is in motion, there may not be any need to second guess and cause more problems before things turn around and smooth out.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Independence Realty Trust, Inc. (:IRT)’s stock was 15.25%. Over the last week of the month, it was 0.67%, 6.44% over the last quarter, and 4.65% for the past six months.
Over the past 50 days, Independence Realty Trust, Inc.’s stock is 0.09% off of the high and 20.91% removed from the low. Their 52-Week High and Low are as follows: -0.09% (High), 28.09%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $10.86 on the equity. Analysts have a consensus recommendation of 2.20 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Investors might be looking at their stock holdings and trying to gauge which ones will break out to new highs. Many investors will keep a close eye on stocks that are trading near popular marks such as the 52-week high. Stocks trading near 52-week lows also tend to garner additional attention. When a stock is flirting with a new 52-week high, investors may have to decide whether to cash in to lock in profits or wait to see if a breakthrough is going to happen. Companies that are teetering near the 52-week low may be worth taking a look at. Studying the fundamentals may show that the stock should be performing better than it is. This might be the time to think about purchasing shares that for whatever reason may have fallen out of favor with investors. Crunching the numbers and doing full analysis of stocks that have been trending down may help lead to some discoveries that could turn out to be highly valuable if and when the momentum shifts to the upside.
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