Independence Realty Trust Inc [IRT] stock prices are up 1.65% to $19.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The IRT shares have gain 4.51% over the last week, with a monthly amount drifted -1.10%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Independence Realty Trust Inc [NYSE: IRT] stock has seen the most recent analyst activity on December 17, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $23. Previously, BMO Capital Markets upgraded its rating to Market Perform on November 15, 2024, and elevated its price target to $21. On January 30, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $18 on the stock. BMO Capital Markets downgraded its rating to a Underperform and increased its price target to $15 on December 15, 2023. BMO Capital Markets downgraded its rating to a Market Perform but $19 remained the price target by the analyst firm on July 18, 2023. JMP Securities upgraded its rating to Mkt Outperform for this stock on May 08, 2023, but kept the price target unchanged to $20. In a note dated January 30, 2023, JMP Securities initiated an Mkt Perform rating.
The stock price of Independence Realty Trust Inc [IRT] has been fluctuating between $14.07 and $22.26 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Independence Realty Trust Inc [NYSE: IRT] shares were valued at $19.70 at the most recent close of the market. An investor can expect a potential return of 6.6% based on the average IRT price forecast.
Analyzing the IRT fundamentals
The Independence Realty Trust Inc [NYSE:IRT] reported sales of 646.12M for trailing twelve months, representing a drop of -5.02%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.47 points at the first support level, and at 19.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.87, and for the 2nd resistance point, it is at 20.03.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.04, the price to book ratio is 1.32.
