Analyst Price Target is $19.89
▲ +41.36% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Independence Realty Trust in the last 3 months. The average price target is $19.89, with a high forecast of $22.00 and a low forecast of $17.00. The average price target represents a 41.36% upside from the last price of $14.07.
Current Consensus is
The current consensus among 9 contributing investment analysts is to moderate buy stock in Independence Realty Trust. This Moderate Buy consensus rating has held steady for over two years.
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.