NYSE:IRT

Independence Realty Trust (IRT) Price Target & Analyst Ratings

$16.79

+0.14 (+0.84%)

(As of 05/18/2023 ET)

Compare

Today's Range: $16.46
▼
$16.88
50-Day Range: $14.77
▼
$17.26
52-Week Range: $14.55
▼
$24.17

Volume: 1.10 million shs
Average Volume: 1.95 million shs
Market Capitalization: $3.77 billion

P/E Ratio: 73.00
Dividend Yield: 3.34%
Price Target: $20.72

Independence Realty Trust Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 8 Analyst Ratings

Consensus Analyst Price Target

$20.72
23.42% Upside

High Prediction	$24.50
Average Prediction	$20.72
Low Prediction	$17.00

Type	Current 5/18/22 to 5/18/23	1 Month Ago 4/18/22 to 4/18/23	3 Months Ago 2/17/22 to 2/17/23	1 Year Ago 5/18/21 to 5/18/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	10 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.72	$20.81	$20.64	$27.58
Predicted Upside	23.42% Upside	19.70% Upside	21.09% Upside	14.26% Upside

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IRT Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IRT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Independence Realty Trust Stock vs. The Competition

Type	Independence Realty Trust	Finance Companies	S&P 500
Consensus Rating Score	2.63	2.42	2.48
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	23.42% Upside	258.73% Upside	164.04% Upside
News Sentiment Rating	Very Positive News	Neutral News	Neutral News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/8/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$20.00	+18.06%
3/1/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	$22.00 ➝ $24.00	+32.67%
2/23/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$18.50 ➝ $20.00	+11.98%
1/11/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$27.00 ➝ $21.00	+25.75%
1/4/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$22.00 ➝ $19.00	+14.25%
1/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$20.00 ➝ $17.00	+0.83%
12/7/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	$25.00 ➝ $20.00	+16.14%
10/28/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$22.00 ➝ $21.00	+25.37%
6/20/2022	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$24.50	+19.05%

(Data available from 5/18/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

IRT Price Target - Frequently Asked Questions

What is Independence Realty Trust's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Independence Realty Trust stock is Moderate Buy based on the current 3 hold ratings and 5 buy ratings for IRT. The average twelve-month price prediction for Independence Realty Trust is $20.72 with a high price target of $24.50 and a low price target of $17.00. Learn more on IRT's analyst rating history.
Do Wall Street analysts like Independence Realty Trust more than its competitors?: Analysts like Independence Realty Trust more than other Finance companies. The consensus rating for Independence Realty Trust is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how IRT compares to other companies.
Is Independence Realty Trust being upgraded by Wall Street analysts?: Over the previous 90 days, Independence Realty Trust's stock had 1 upgrade by analysts.

Does Independence Realty Trust's stock price have much upside?: According to analysts, Independence Realty Trust's stock has a predicted upside of 19.55% based on their 12-month price targets.
What analysts cover Independence Realty Trust?: Independence Realty Trust has been rated by Barclays, Citigroup, and JMP Securities in the past 90 days.

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This page (NYSE:IRT) was last updated on 5/18/2023 by MarketBeat.com Staff

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