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Independence Realty Trust - IRT Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $19.89
  • Forecasted Upside: 41.36%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$14.07 As of 09/29/2023 01:00 AM ET
+0 (0.00%)

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 $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.

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 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.

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
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/7/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
7/6/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/4/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
1/2/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/2/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
7/1/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
8/30/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/29/2023

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/18/2023BMO Capital MarketsDowngradeOutperform ➝ Market Perform$19.00Low
5/31/2023BarclaysLower Target$24.00 ➝ $22.00Low
5/8/2023JMP SecuritiesUpgradeMarket Perform ➝ Outperform$20.00Low
3/1/2023BarclaysBoost TargetOverweight$22.00 ➝ $24.00Low
2/23/2023CitigroupBoost TargetNeutral$18.50 ➝ $20.00Low
1/30/2023JMP SecuritiesInitiated CoverageMarket PerformLow
1/11/2023BTIG ResearchLower TargetBuy$27.00 ➝ $21.00Low
1/4/2023Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$22.00 ➝ $19.00Low
1/2/2023Jefferies Financial GroupDowngradeBuy ➝ Hold$20.00 ➝ $17.00Low
12/7/2022KeyCorpLower TargetOverweight$25.00 ➝ $20.00Low
11/10/2022BarclaysLower TargetOverweight$28.00 ➝ $22.00Low
10/28/2022Royal Bank of CanadaLower TargetOutperform$22.00 ➝ $21.00Low
10/19/2022Jefferies Financial GroupLower TargetBuy$26.00 ➝ $20.00Low
6/30/2022Jefferies Financial GroupLower TargetBuy$27.00 ➝ $24.00Low
6/28/2022KeyCorpLower TargetOverweight$29.00 ➝ $25.00Low
6/20/2022Compass PointSet Target$24.50Low
5/10/2022BarclaysLower Target$30.00 ➝ $28.00Low
5/9/2022BTIG ResearchInitiated CoverageBuy$27.00Low
4/22/2022Jefferies Financial GroupInitiated CoverageBuy$32.00High
4/1/2022KeyCorpBoost TargetOverweight$27.00 ➝ $29.00High
3/24/2022Deutsche Bank AktiengesellschaftBoost TargetBuy$29.00 ➝ $30.00Low
1/18/2022BarclaysInitiated CoverageOverweight$30.00Low
1/10/2022Compass PointUpgradeNeutral ➝ Buy$26.75 ➝ $27.75Medium
1/10/2022Royal Bank of CanadaInitiated CoverageOutperform$28.00High
12/17/2021BMO Capital MarketsInitiated CoverageOutperform$28.00High
12/13/2021CitigroupBoost TargetNeutral$24.00 ➝ $26.00High
11/15/2021Robert W. BairdReiterated RatingBuyMedium
11/3/2021KeyCorpBoost TargetOverweight$22.00 ➝ $27.00Medium
9/28/2021B. RileyReiterated RatingNeutralMedium
9/23/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$19.00 ➝ $22.00Low
8/12/2021KeyCorpBoost TargetOverweight$21.00 ➝ $22.00Low
7/20/2021Colliers SecuritiesReiterated RatingBuy$20.00Low
7/15/2021KeyCorpBoost TargetOverweight$18.00 ➝ $21.00Medium
5/26/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$18.00 ➝ $19.00Low
5/24/2021KeyCorpBoost TargetOverweight$16.00 ➝ $18.00High
4/27/2021BTIG ResearchReiterated RatingBuy ➝ NeutralMedium
4/26/2021BMO Capital MarketsInitiated CoverageOutperform$20.00Low
4/21/2021BTIG ResearchDowngradeBuy ➝ NeutralLow
3/24/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$15.00 ➝ $18.00Medium
2/18/2021KeyCorpBoost TargetOverweight$15.00 ➝ $16.00Low
1/11/2021BTIG ResearchInitiated CoverageBuy$15.00Low
12/15/2020Smith Barney CitigroupBoost Target$12.25 ➝ $13.25High
12/15/2020Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$15.00High
8/5/2020Capital One FinancialUpgradeEqual Weight ➝ Overweight$13.00High
4/7/2020CitigroupLower TargetNeutral$15.75 ➝ $7.50Low
3/9/2020Stifel NicolausUpgradeHold ➝ Buy$16.00High
10/31/2019Compass PointDowngradeBuy ➝ NeutralLow
10/21/2019JMP SecuritiesDowngradeOutperform ➝ Market Perform$12.00Low
9/27/2019National SecuritiesInitiated CoverageBuy$14.00Low
9/16/2019Capital One FinancialReiterated RatingEqual WeightLow
5/2/2019Boenning ScattergoodSet TargetBuy$11.00Low
4/8/2019Stifel NicolausInitiated CoverageHold ➝ Hold$11.00Medium
2/22/2019Boenning ScattergoodReiterated RatingBuyLow
2/6/2019B. RileyDowngradeBuy ➝ Neutral$10.50Low
11/19/2018Capital One FinancialInitiated CoverageEqual WeightLow
11/5/2018B. RileyLower TargetBuy ➝ Buy$11.00 ➝ $10.50Medium
11/2/2018Boenning ScattergoodSet TargetBuy$11.00Low
11/2/2018Compass PointDowngradeBuy ➝ NeutralLow
10/16/2018CitigroupInitiated CoverageNeutral ➝ Neutral$10.25Medium
(Data available from 9/30/2018 forward)

News Sentiment Rating

1.63 (Strong 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
  • 16 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/4/2023
  • 17 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2023
  • 20 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2023
  • 17 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2023
  • 15 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/2/2023
  • 12 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/1/2023
  • 13 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/31/2023
  • 19 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2023

Current Sentiment

  • 19 very positive mentions
  • 1 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: $14.07
Low: $13.94
High: $14.34

50 Day Range

MA: $16.10
Low: $14.06
High: $17.70

52 Week Range

Now: $14.07
Low: $13.89
High: $19.68

Volume

1,627,226 shs

Average Volume

2,187,698 shs

Market Capitalization

$3.16 billion

P/E Ratio

45.39

Dividend Yield

4.55%

Beta

0.99

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, Citigroup Inc., Deutsche Bank Aktiengesellschaft, Jefferies Financial Group Inc., JMP Securities, KeyCorp, Royal Bank of Canada, StockNews.com, and TheStreet.
View the latest analyst ratings for IRT.

What is the current price target for Independence Realty Trust?

9 Wall Street analysts have set twelve-month price targets for Independence Realty Trust in the last year. Their average twelve-month price target is $19.89, suggesting a possible upside of 41.4%. Barclays PLC has the highest price target set, predicting IRT will reach $22.00 in the next twelve months. Jefferies Financial Group Inc. 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 4 hold ratings and 5 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 NexPoint Residential Trust, Corporate Office Properties Trust, Ladder Capital, Necessity Retail REIT and KKR Real Estate Finance Trust. 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.