Independence Realty Trust Inc has a consensus price target of $19.05, established from looking at the 38 latest analyst ratings. The last 3 analyst ratings were released from Baird, JMP Securities, and Barclays on March 12, 2024, March 6, 2024, and February 20, 2024. With an average price target of $17.33 between Baird, JMP Securities, and Barclays, there's an implied 6.40% upside for Independence Realty Trust Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
03/12/2024 | IRT | Buy Now | Independence Realty Trust | $16.29 | 4.36% | Baird | Wesley Golladay | $16 → $17 | Maintains | Outperform | Get Alert |
03/06/2024 | IRT | Buy Now | Independence Realty Trust | $16.29 | 4.36% | JMP Securities | Aaron Hecht | $15 → $17 | Maintains | Market Outperform | Get Alert |
02/20/2024 | IRT | Buy Now | Independence Realty Trust | $16.29 | 10.5% | Barclays | Anthony Powell | $22 → $18 | Maintains | Overweight | Get Alert |
02/16/2024 | IRT | Buy Now | Independence Realty Trust | $16.29 | 4.36% | RBC Capital | Brad Heffern | $16 → $17 | Maintains | Outperform | Get Alert |
12/15/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | -7.92% | BMO Capital | John Kim | → $15 | Downgrade | Market Perform → Underperform | Get Alert |
11/01/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | -7.92% | JMP Securities | Aaron Hecht | $20 → $15 | Maintains | Market Outperform | Get Alert |
11/01/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 4.36% | RBC Capital | Brad Heffern | $18 → $17 | Maintains | Outperform | Get Alert |
07/27/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 22.77% | JMP Securities | Aaron Hecht | → $20 | Reiterates | Market Outperform → Market Outperform | Get Alert |
07/18/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 16.64% | BMO Capital | John Kim | → $19 | Downgrade | Outperform → Market Perform | Get Alert |
05/31/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 35.05% | Barclays | Anthony Powell | $24 → $22 | Maintains | Overweight | Get Alert |
05/08/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 22.77% | JMP Securities | Aaron Hecht | → $20 | Upgrade | Market Perform → Market Outperform | Get Alert |
04/28/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 22.77% | RBC Capital | Brad Heffern | $19 → $20 | Maintains | Outperform | Get Alert |
03/01/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 47.33% | Barclays | Anthony Powell | $22 → $24 | Maintains | Overweight | Get Alert |
02/23/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 22.77% | Citigroup | Michael Bilerman | $18.5 → $20 | Maintains | Neutral | Get Alert |
01/30/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | — | JMP Securities | Aaron Hecht | — | Initiates | → Market Perform | Get Alert |
01/11/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 28.91% | BTIG | Michael Gorman | $27 → $21 | Maintains | Buy | Get Alert |
01/04/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 16.64% | Deutsche Bank | Derek Johnston | $22 → $19 | Downgrade | Buy → Hold | Get Alert |
01/03/2023 | IRT | Buy Now | Independence Realty Trust | $16.29 | 4.36% | Jefferies | Linda Tsai | $20 → $17 | Downgrade | Buy → Hold | Get Alert |
12/07/2022 | IRT | Buy Now | Independence Realty Trust | $16.29 | 22.77% | Keybanc | Austin Wurschmidt | $25 → $20 | Maintains | Overweight | Get Alert |
The latest price target for Independence Realty Trust (NYSE: IRT) was reported by Baird on March 12, 2024. The analyst firm set a price target for $17.00 expecting IRT to rise to within 12 months (a possible 6.18% upside). 12 analyst firms have reported ratings in the last year.
The latest analyst rating for Independence Realty Trust (NYSE: IRT) was provided by Baird, and Independence Realty Trust maintained their outperform rating.
The last upgrade for Independence Realty Trust Inc happened on May 8, 2023 when JMP Securities raised their price target to $20. JMP Securities previously had a market perform for Independence Realty Trust Inc.
The last downgrade for Independence Realty Trust Inc happened on December 15, 2023 when BMO Capital changed their price target from N/A to $15 for Independence Realty Trust Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Independence Realty Trust, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Independence Realty Trust was filed on March 12, 2024 so you should expect the next rating to be made available sometime around March 12, 2025.
While ratings are subjective and will change, the latest Independence Realty Trust (IRT) rating was a maintained with a price target of $16.00 to $17.00. The current price Independence Realty Trust (IRT) is trading at is $16.01, which is within the analyst’s predicted range.
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