Revenue Update on Independence Realty Trust Inc(NYSEMKT:IRT)

Independence Realty Trust Inc(NYSEMKT:IRT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $38.33M. Analysts estimated a revenue of $38.13M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.

Independence Realty Trust Inc (IRT) made into the market gainers list on Fridays trading session with the shares advancing 1.37% or 0.13 points. Due to strong positive momentum, the stock ended at $9.59, which is also near the day’s high of $9.72. The stock began the session at $9.43 and the volume stood at 2,57,634 shares. The 52-week high of the shares is $9.72 and the 52 week low is $5.97. The company has a current market capitalization of $455 M and it has 4,74,76,250 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Sharon M. Tsao (director) purchased 1,000 shares at $7.75 per share price.Also, On May 18, 2016, Scott Schaeffer (CEO) purchased 12,000 shares at $7.68 per share price.On Feb 25, 2016, Richard H Ross (director) sold 16,000 shares at $6.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Independence Realty Trust Inc. is a real estate investment trust (REIT). The Company owns and operates a portfolio of apartment properties located throughout the United States. The Company is managed by a subsidiary of RAIT Financial Trust (RAIT). AS of December 31 2014 The Company’s portfolio consisted of Belle Creek Copper Mill Crestmont Cumberland Glen Heritage Trace Tresa at Arrowhead Centrepoint Runaway Bay Berkshire Square The Crossings Reserve at Eagle Ridge Windrush Heritage Park Raindance Augusta Invitational King’s Landing Carrington Park Arbors at the Reservoir Walnut Hill Lenoxplace Stonebridge Bennington Pond Prospect Park Brookside Jamestown Meadows Oxmoor Stonebridge at the Ranch and Iron Rock Ranch.

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