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Independence Realty Trust - IRT Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $20.43
  • Forecasted Upside: -4.32%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$21.35 As of 11/20/2024 01:00 AM ET
▼ -0.01 (-0.05%)

This chart shows the closing price for IRT by one month, three months, or twelve months.

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Analyst Price Target for IRT

Analyst Price Target is $20.43
▼ -4.32% Downside Potential
This price target is based on 7 analysts offering 12 month price targets for Independence Realty Trust in the last 3 months. The average price target is $20.43, with a high forecast of $22.00 and a low forecast of $17.00. The average price target represents a -4.32% upside from the last price of $21.35.

This chart shows the closing price for IRT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 7 polled investment analysts is to moderate buy stock in Independence Realty Trust. This rating has held steady since January 2024, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
5/24/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
8/22/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
10/21/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/15/2024BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$19.00 ➝ $21.00
9/10/2024Deutsche Bank AktiengesellschaftBoost TargetBuy ➝ Buy$18.00 ➝ $22.00
9/9/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$20.00 ➝ $22.00
9/6/2024KeyCorpBoost TargetOverweight ➝ Overweight$20.00 ➝ $22.00
8/12/2024BTIG ResearchBoost TargetBuy ➝ Buy$18.00 ➝ $21.00
8/2/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$17.00 ➝ $20.00
3/6/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$15.00 ➝ $17.00
2/20/2024BarclaysLower TargetOverweight ➝ Overweight$22.00 ➝ $18.00
2/16/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$16.00 ➝ $17.00
1/30/2024Deutsche Bank AktiengesellschaftInitiated CoverageBuy$18.00
12/15/2023BMO Capital MarketsReiterated RatingMarket Perform ➝ Underperform$14.00 ➝ $15.00
11/1/2023Royal Bank of CanadaLower TargetOutperform ➝ Outperform$18.00 ➝ $17.00
11/1/2023JMP SecuritiesLower TargetMarket Outperform ➝ Market Outperform$20.00 ➝ $15.00
7/18/2023BMO Capital MarketsDowngradeOutperform ➝ Market Perform$19.00
5/31/2023BarclaysLower Target$24.00 ➝ $22.00
5/8/2023JMP SecuritiesUpgradeMarket Perform ➝ Outperform$20.00
3/1/2023BarclaysBoost TargetOverweight$22.00 ➝ $24.00
2/23/2023CitigroupBoost TargetNeutral$18.50 ➝ $20.00
1/30/2023JMP SecuritiesInitiated CoverageMarket Perform
1/11/2023BTIG ResearchLower TargetBuy$27.00 ➝ $21.00
1/4/2023Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$22.00 ➝ $19.00
1/2/2023Jefferies Financial GroupDowngradeBuy ➝ Hold$20.00 ➝ $17.00
12/7/2022KeyCorpLower TargetOverweight$25.00 ➝ $20.00
11/10/2022BarclaysLower TargetOverweight$28.00 ➝ $22.00
10/28/2022Royal Bank of CanadaLower TargetOutperform$22.00 ➝ $21.00
10/19/2022Jefferies Financial GroupLower TargetBuy$26.00 ➝ $20.00
6/30/2022Jefferies Financial GroupLower TargetBuy$27.00 ➝ $24.00
6/28/2022KeyCorpLower TargetOverweight$29.00 ➝ $25.00
6/20/2022Compass PointSet Target$24.50
5/10/2022BarclaysLower Target$30.00 ➝ $28.00
5/9/2022BTIG ResearchInitiated CoverageBuy$27.00
4/22/2022Jefferies Financial GroupInitiated CoverageBuy$32.00
4/1/2022KeyCorpBoost TargetOverweight$27.00 ➝ $29.00
3/24/2022Deutsche Bank AktiengesellschaftBoost TargetBuy$29.00 ➝ $30.00
1/18/2022BarclaysInitiated CoverageOverweight$30.00
1/10/2022Compass PointUpgradeNeutral ➝ Buy$26.75 ➝ $27.75
1/10/2022Royal Bank of CanadaInitiated CoverageOutperform$28.00
12/17/2021BMO Capital MarketsInitiated CoverageOutperform$28.00
12/13/2021CitigroupBoost TargetNeutral$24.00 ➝ $26.00
11/15/2021Robert W. BairdReiterated RatingBuy
11/3/2021KeyCorpBoost TargetOverweight$22.00 ➝ $27.00
9/28/2021B. RileyReiterated RatingNeutral
9/23/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$19.00 ➝ $22.00
8/12/2021KeyCorpBoost TargetOverweight$21.00 ➝ $22.00
7/20/2021Colliers SecuritiesReiterated RatingBuy$20.00
7/15/2021KeyCorpBoost TargetOverweight$18.00 ➝ $21.00
5/26/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$18.00 ➝ $19.00
5/24/2021KeyCorpBoost TargetOverweight$16.00 ➝ $18.00
4/27/2021BTIG ResearchReiterated RatingBuy ➝ Neutral
4/26/2021BMO Capital MarketsInitiated CoverageOutperform$20.00
4/21/2021BTIG ResearchDowngradeBuy ➝ Neutral
3/24/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$15.00 ➝ $18.00
2/18/2021KeyCorpBoost TargetOverweight$15.00 ➝ $16.00
1/11/2021BTIG ResearchInitiated CoverageBuy$15.00
12/15/2020Smith Barney CitigroupBoost Target$12.25 ➝ $13.25
12/15/2020Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$15.00
8/5/2020Capital One FinancialUpgradeEqual Weight ➝ Overweight$13.00
4/7/2020CitigroupLower TargetNeutral$15.75 ➝ $7.50
3/9/2020Stifel NicolausUpgradeHold ➝ Buy$16.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

1.38 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 9 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024
  • 14 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/24/2024
  • 12 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 12 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 19 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 22 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 20 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 15 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024

Current Sentiment

  • 15 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Independence Realty Trust logo
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
Read More

Today's Range

Now: $21.35
Low: $20.91
High: $21.37

50 Day Range

MA: $20.21
Low: $18.77
High: $21.35

52 Week Range

Now: $21.35
Low: $13.11
High: $21.49

Volume

1,229,434 shs

Average Volume

2,268,672 shs

Market Capitalization

$4.81 billion

P/E Ratio

79.07

Dividend Yield

3.05%

Beta

1.17

Frequently Asked Questions

What sell-side analysts currently cover shares of Independence Realty Trust?

The following sell-side analysts have issued research reports on Independence Realty Trust in the last twelve months: Barclays PLC, BMO Capital Markets, BTIG Research, Deutsche Bank Aktiengesellschaft, JMP Securities, KeyCorp, Royal Bank of Canada, and TheStreet.
View the latest analyst ratings for IRT.

What is the current price target for Independence Realty Trust?

0 Wall Street analysts have set twelve-month price targets for Independence Realty Trust in the last year. Their average twelve-month price target is $20.43, suggesting a possible downside of 4.3%. Deutsche Bank Aktiengesellschaft has the highest price target set, predicting IRT will reach $22.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $17.00 for Independence Realty Trust in the next year.
View the latest price targets for IRT.

What is the current consensus analyst rating for Independence Realty Trust?

Independence Realty Trust currently has 1 hold rating and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for IRT.

What other companies compete with Independence Realty Trust?

Other companies that are similar to Independence Realty Trust include The Carlyle Group, Nomura, Jefferies Financial Group, Healthpeak Properties and Lineage. Learn More about companies similar to Independence Realty Trust.

How do I contact Independence Realty Trust's investor relations team?

Independence Realty Trust's physical mailing address is 1835 Market Street Suite 2601, Philadelphia PA, 19103. The real estate investment trust's listed phone number is (267) 270-4800 and its investor relations email address is [email protected]. The official website for Independence Realty Trust is www.irtliving.com. Learn More about contacing Independence Realty Trust investor relations.