EPS for Fortis (FTS) Expected At $0.55; Independence Realty Trust (IRT) Sentiment Is 1.84

July 17, 2017 - By Marie Mckinney

Independence Realty Trust, Inc. is an internally-managed real estate investment trust . The company has market cap of $698.96 million. The Firm is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. It has a 90.13 P/E ratio. The Firm owns apartment properties in geographic non-gateway markets.

Analysts expect Fortis Inc (TSE:FTS) to report $0.55 EPS on July, 28 before the open.They anticipate $0.09 EPS change or 19.57% from last quarter’s $0.46 EPS. T_FTS’s profit would be $230.20M giving it 20.00 P/E if the $0.55 EPS is correct. After having $0.69 EPS previously, Fortis Inc’s analysts see -20.29% EPS growth. About 161,857 shares traded. Fortis Inc (TSE:FTS) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 10 analysts covering Fortis Incorporated (TSE:FTS), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Fortis Incorporated had 25 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Desjardins Securities on Thursday, November 24. As per Tuesday, January 17, the company rating was downgraded by Raymond James. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, October 7. RBC Capital Markets maintained Fortis Inc (TSE:FTS) rating on Tuesday, January 24. RBC Capital Markets has “Outperform” rating and $52 target. The rating was downgraded by IBC on Wednesday, July 20 to “Sector Perform”. The stock of Fortis Inc (TSE:FTS) earned “Outperform” rating by Scotia Capital on Friday, February 17. TD Securities maintained the stock with “Buy” rating in Friday, March 3 report. Raymond James maintained it with “Outperform” rating and $50 target in Thursday, September 22 report. The firm has “Neutral” rating by JP Morgan given on Monday, February 27. The firm has “Outperform” rating given on Wednesday, March 29 by Barclays Capital.

Fortis Inc. is a Canada-based electric and gas utility holding company. The company has market cap of $18.42 billion. The Company’s divisions include Regulated Utilities and Non-Regulated Utilities. It has a 21.7 P/E ratio. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. , UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.

About 72,670 shares traded. Independence Realty Trust Inc (IRT) has risen 20.69% since July 17, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.

Orinda Asset Management Llc holds 8.39% of its portfolio in Independence Realty Trust Inc for 1.05 million shares. Vertex One Asset Management Inc. owns 2.50 million shares or 3.74% of their US portfolio. Moreover, Hilton Capital Management Llc has 2.08% invested in the company for 1.10 million shares. The Texas-based Highland Capital Management Lp has invested 1.57% in the stock. Bhr Capital Llc, a New York-based fund reported 50,000 shares.

Analysts await Independence Realty Trust Inc (NYSEMKT:IRT) to report earnings on August, 2. They expect $0.18 EPS, down 18.18% or $0.04 from last year’s $0.22 per share. IRT’s profit will be $12.54 million for 13.93 P/E if the $0.18 EPS becomes a reality. After $0.18 actual EPS reported by Independence Realty Trust Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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