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Independence Realty Trust Inc has a consensus price target of $21.2 based on the ratings of 14 analysts. The high is $27.75 issued by Compass Point on January 10, 2022. The low is $17 issued by Baird on March 12, 2024. The 3 most-recent analyst ratings were released by Barclays, BMO Capital, and Deutsche Bank on December 17, 2024, November 15, 2024, and September 10, 2024, respectively. With an average price target of $22 between Barclays, BMO Capital, and Deutsche Bank, there's an implied 7.76% upside for Independence Realty Trust Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Independence Realty Trust (NYSE:IRT) was reported by Barclays on December 17, 2024. The analyst firm set a price target for $23.00 expecting IRT to rise to within 12 months (a possible 12.66% upside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for Independence Realty Trust (NYSE:IRT) was provided by Barclays, and Independence Realty Trust initiated their equal-weight rating.
The last upgrade for Independence Realty Trust Inc happened on November 15, 2024 when BMO Capital raised their price target to $21. BMO Capital previously had an underperform 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 December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest Independence Realty Trust (IRT) rating was a initiated with a price target of $0.00 to $23.00. The current price Independence Realty Trust (IRT) is trading at is $20.42, which is within the analyst’s predicted range.
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