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AAPL   165.04 (-1.20%)
MSFT   399.88 (-1.09%)
META   482.06 (-3.93%)
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AMZN   174.56 (-2.60%)
TSLA   147.73 (-1.47%)
NVDA   782.23 (-7.62%)
AMD   147.03 (-5.19%)
NIO   3.82 (-4.50%)
BABA   68.94 (+0.09%)
T   16.48 (+0.92%)
F   12.09 (+0.25%)
MU   106.86 (-4.53%)
GE   148.58 (-2.85%)
CGC   8.06 (+2.94%)
DIS   112.30 (-0.12%)
AMC   3.19 (+9.25%)
PFE   25.90 (+2.01%)
PYPL   62.02 (-0.13%)
XOM   119.91 (+1.17%)

Independence Realty Trust (IRT) Stock Forecast & Price Target

$15.59
+0.05 (+0.32%)
(As of 02:33 PM ET)

Independence Realty Trust Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$17.00
9.04% Upside
High Forecast$18.00
Average Forecast$17.00
Low Forecast$15.00
TypeCurrent Forecast
4/20/23 to 4/19/24
1 Month Ago
3/21/23 to 3/20/24
3 Months Ago
1/20/23 to 1/20/24
1 Year Ago
4/20/22 to 4/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
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
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$17.00$17.00$17.80$20.81
Predicted Upside9.04% Upside8.63% Upside16.69% Upside19.70% 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.
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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.
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Independence Realty Trust Stock vs. The Competition

TypeIndependence Realty TrustFinance CompaniesS&P 500
Consensus Rating Score
2.60
2.44
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside8.35% Upside77.28% Upside11.86% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/6/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$15.00 ➝ $17.00+6.78%
2/20/2024Barclays
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 Lower TargetOverweight ➝ Overweight$22.00 ➝ $18.00+15.68%
2/16/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$16.00 ➝ $17.00+9.54%
1/30/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy$18.00+18.03%
12/15/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMarket Perform ➝ Underperform$14.00 ➝ $15.00-6.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:52 PM ET.

IRT Price Target - Frequently Asked Questions

What is Independence Realty Trust's consensus rating and price target?

According to the issued ratings of 5 analysts in the last year, the consensus rating for Independence Realty Trust stock is Moderate Buy based on the current 1 sell rating and 4 buy ratings for IRT. The average twelve-month price prediction for Independence Realty Trust is $17.00 with a high price target of $18.00 and a low price target of $15.00. 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.

Does Independence Realty Trust's stock price have much upside?

According to analysts, Independence Realty Trust's stock has a predicted upside of 8.63% based on their 12-month stock forecasts.

What analysts cover Independence Realty Trust?

Independence Realty Trust has been rated by Barclays, Deutsche Bank Aktiengesellschaft, JMP Securities, and Royal Bank of Canada in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:IRT) was last updated on 4/19/2024 by MarketBeat.com Staff

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