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Independence Realty Trust
IRTNYSE
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Independence Realty Trust (NYSE:IRT) Stock, Analyst Ratings, Price Targets, Forecasts
Independence Realty Trust Inc has a consensus price target of $20.27 based on the ratings of 14 analysts. The high is $27.75 issued by Compass Point on January 10, 2022. The low is $15 issued by BMO Capital on December 15, 2023. The 3 most-recent analyst ratings were released by Baird, JMP Securities, and Barclays on March 12, 2024, March 6, 2024, and February 20, 2024, respectively. With an average price target of $17.33 between Baird, JMP Securities, and Barclays, there's an implied -9.15% downside for Independence Realty Trust Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Baird
JMP Securities
Barclays
RBC Capital
BMO Capital
1calculated from analyst ratings
Analyst Ratings for Independence Realty Trust
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/12/2024 | Buy Now | -10.9% | Baird | Wesley Golladay | $16 → $17 | Maintains | Outperform | Get Alert |
| 03/06/2024 | Buy Now | -10.9% | JMP Securities | Aaron Hecht | $15 → $17 | Maintains | Market Outperform | Get Alert |
| 02/20/2024 | Buy Now | -5.66% | Barclays | Anthony Powell | $22 → $18 | Maintains | Overweight | Get Alert |
| 02/16/2024 | Buy Now | -10.9% | RBC Capital | Brad Heffern | $16 → $17 | Maintains | Outperform | Get Alert |
| 12/15/2023 | Buy Now | -21.38% | BMO Capital | John Kim | → $15 | Downgrade | Market Perform → Underperform | Get Alert |
| 11/01/2023 | Buy Now | -21.38% | JMP Securities | Aaron Hecht | $20 → $15 | Maintains | Market Outperform | Get Alert |
| 11/01/2023 | Buy Now | -10.9% | RBC Capital | Brad Heffern | $18 → $17 | Maintains | Outperform | Get Alert |
| 07/27/2023 | Buy Now | 4.82% | JMP Securities | Aaron Hecht | → $20 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 07/18/2023 | Buy Now | -0.42% | BMO Capital | John Kim | → $19 | Downgrade | Outperform → Market Perform | Get Alert |
| 05/31/2023 | Buy Now | 15.3% | Barclays | Anthony Powell | $24 → $22 | Maintains | Overweight | Get Alert |
| 05/08/2023 | Buy Now | 4.82% | JMP Securities | Aaron Hecht | → $20 | Upgrade | Market Perform → Market Outperform | Get Alert |
| 04/28/2023 | Buy Now | 4.82% | RBC Capital | Brad Heffern | $19 → $20 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | 25.79% | Barclays | Anthony Powell | $22 → $24 | Maintains | Overweight | Get Alert |
| 02/23/2023 | Buy Now | 4.82% | Citigroup | Michael Bilerman | $18.5 → $20 | Maintains | Neutral | Get Alert |
| 01/30/2023 | Buy Now | — | JMP Securities | Aaron Hecht | — | Initiates | → Market Perform | Get Alert |
| 01/11/2023 | Buy Now | 10.06% | BTIG | Michael Gorman | $27 → $21 | Maintains | Buy | Get Alert |
| 01/04/2023 | Buy Now | -0.42% | Deutsche Bank | Derek Johnston | $22 → $19 | Downgrade | Buy → Hold | Get Alert |
| 01/03/2023 | Buy Now | -10.9% | Jefferies | Linda Tsai | $20 → $17 | Downgrade | Buy → Hold | Get Alert |
| 12/07/2022 | Buy Now | 4.82% | Keybanc | Austin Wurschmidt | $25 → $20 | Maintains | Overweight | Get Alert |
| 11/10/2022 | Buy Now | 15.3% | Barclays | Anthony Powell | $28 → $22 | Maintains | Overweight | Get Alert |
| 10/28/2022 | Buy Now | 10.06% | RBC Capital | Brad Heffern | $22 → $21 | Maintains | Outperform | Get Alert |
| 10/19/2022 | Buy Now | 4.82% | Jefferies | Linda Tsai | $26 → $20 | Maintains | Buy | Get Alert |
| 06/30/2022 | Buy Now | 25.79% | Jefferies | Peter Abramowitz | $27 → $24 | Maintains | Buy | Get Alert |
| 06/28/2022 | Buy Now | 31.03% | Keybanc | Todd Thomas | $29 → $25 | Maintains | Overweight | Get Alert |
| 05/09/2022 | Buy Now | 41.51% | BTIG | Michael Gorman | → $27 | Assumes | → Buy | Get Alert |
| 04/22/2022 | Buy Now | 67.71% | Jefferies | Peter Abramowitz | → $32 | Initiates | → Buy | Get Alert |
| 04/01/2022 | Buy Now | 51.99% | Keybanc | Todd Thomas | $27 → $29 | Maintains | Overweight | Get Alert |
| 03/24/2022 | Buy Now | 57.23% | Deutsche Bank | Derek Johnston | $29 → $30 | Maintains | Buy | Get Alert |
| 01/18/2022 | Buy Now | 57.23% | Barclays | Anthony Powell | → $30 | Initiates | → Overweight | Get Alert |
| 01/10/2022 | Buy Now | 45.44% | Compass Point | Merrill Ross | $26.75 → $27.75 | Upgrade | Neutral → Buy | Get Alert |
| 01/10/2022 | Buy Now | 46.75% | RBC Capital | Brad Heffern | → $28 | Initiates | → Outperform | Get Alert |
| 12/13/2021 | Buy Now | 36.27% | Citigroup | — | — | Maintains | Neutral | Get Alert |
| 11/03/2021 | Buy Now | 41.51% | Keybanc | Austin Wurschmidt | — | Maintains | Overweight | Get Alert |
| 08/12/2021 | Buy Now | 15.3% | Keybanc | Austin Wurschmidt | — | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Independence Realty Trust (IRT) stock?
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 fall to within 12 months (a possible -10.90% downside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Independence Realty Trust (IRT)?
The latest analyst rating for Independence Realty Trust (NYSE:IRT) was provided by Baird, and Independence Realty Trust maintained their outperform rating.
When was the last upgrade for Independence Realty Trust (IRT)?
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.
When was the last downgrade for Independence Realty Trust (IRT)?
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.
When is the next analyst rating going to be posted or updated for Independence Realty Trust (IRT)?
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.
Is the Analyst Rating Independence Realty Trust (IRT) correct?
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 $19.08, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.