Independence Realty Trust
(NYSE:IRT)
$16.01
0[0.00%]
Last update: 6:40PM Get Real Time Here
The dividend Ex-Date was 1 day ago
Consensus Rating1
Overweight
Highest Price Target1
$27.75
Lowest Price Target1
$15.00
Consensus Price Target1
$19.05

Independence Realty Trust Stock (NYSE:IRT), Analyst Ratings, Price Targets, Predictions

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.

Analyst Rating Summary1

Analyst Ratings
Nov 23
1
Dec 23
1
Feb
2
Mar
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Baird
JMP Securities
Barclays
RBC Capital
BMO Capital

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Independence Realty Trust

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Buy Now
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Get Alert
03/12/2024IRTBuy Now
Independence Realty Trust
$16.294.36%Baird
Wesley Golladay
$16 → $17MaintainsOutperformGet Alert
03/06/2024IRTBuy Now
Independence Realty Trust
$16.294.36%JMP Securities
Aaron Hecht
$15 → $17MaintainsMarket OutperformGet Alert
02/20/2024IRTBuy Now
Independence Realty Trust
$16.2910.5%Barclays
Anthony Powell
$22 → $18MaintainsOverweightGet Alert
02/16/2024IRTBuy Now
Independence Realty Trust
$16.294.36%RBC Capital
Brad Heffern
$16 → $17MaintainsOutperformGet Alert
12/15/2023IRTBuy Now
Independence Realty Trust
$16.29-7.92%BMO Capital
John Kim
→ $15DowngradeMarket Perform → UnderperformGet Alert
11/01/2023IRTBuy Now
Independence Realty Trust
$16.29-7.92%JMP Securities
Aaron Hecht
$20 → $15MaintainsMarket OutperformGet Alert
11/01/2023IRTBuy Now
Independence Realty Trust
$16.294.36%RBC Capital
Brad Heffern
$18 → $17MaintainsOutperformGet Alert
07/27/2023IRTBuy Now
Independence Realty Trust
$16.2922.77%JMP Securities
Aaron Hecht
→ $20ReiteratesMarket Outperform → Market OutperformGet Alert
07/18/2023IRTBuy Now
Independence Realty Trust
$16.2916.64%BMO Capital
John Kim
→ $19DowngradeOutperform → Market PerformGet Alert
05/31/2023IRTBuy Now
Independence Realty Trust
$16.2935.05%Barclays
Anthony Powell
$24 → $22MaintainsOverweightGet Alert
05/08/2023IRTBuy Now
Independence Realty Trust
$16.2922.77%JMP Securities
Aaron Hecht
→ $20UpgradeMarket Perform → Market OutperformGet Alert
04/28/2023IRTBuy Now
Independence Realty Trust
$16.2922.77%RBC Capital
Brad Heffern
$19 → $20MaintainsOutperformGet Alert
03/01/2023IRTBuy Now
Independence Realty Trust
$16.2947.33%Barclays
Anthony Powell
$22 → $24MaintainsOverweightGet Alert
02/23/2023IRTBuy Now
Independence Realty Trust
$16.2922.77%Citigroup
Michael Bilerman
$18.5 → $20MaintainsNeutralGet Alert
01/30/2023IRTBuy Now
Independence Realty Trust
$16.29—JMP Securities
Aaron Hecht
—Initiates → Market PerformGet Alert
01/11/2023IRTBuy Now
Independence Realty Trust
$16.2928.91%BTIG
Michael Gorman
$27 → $21MaintainsBuyGet Alert
01/04/2023IRTBuy Now
Independence Realty Trust
$16.2916.64%Deutsche Bank
Derek Johnston
$22 → $19DowngradeBuy → HoldGet Alert
01/03/2023IRTBuy Now
Independence Realty Trust
$16.294.36%Jefferies
Linda Tsai
$20 → $17DowngradeBuy → HoldGet Alert
12/07/2022IRTBuy Now
Independence Realty Trust
$16.2922.77%Keybanc
Austin Wurschmidt
$25 → $20MaintainsOverweightGet Alert

FAQ

Q

What is the target price for Independence Realty Trust (IRT)?

A

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.

Q

What is the most recent analyst rating for Independence Realty Trust (IRT)?

A

The latest analyst rating for Independence Realty Trust (NYSE: IRT) was provided by Baird, and Independence Realty Trust maintained their outperform rating.

Q

When was the last upgrade for Independence Realty Trust (IRT)?

A

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.

Q

When was the last downgrade for Independence Realty Trust (IRT)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Independence Realty Trust (IRT)?

A

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.

Q

Is the Analyst Rating Independence Realty Trust (IRT) correct?

A

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.

Browse analyst ratings and price targets on all stocks.

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