At the time of writing, Independence Realty Trust Inc [IRT] stock is trading at $20.57, down -0.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IRT shares have lost -1.77% over the last week, with a monthly amount glided 1.98%, and 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 March 10, 2025, when Jefferies upgraded its rating to a Buy and also boosted its price target to $24 from $20. Previously, Barclays started tracking the stock with Equal Weight rating on December 17, 2024, and set its price target to $23. On November 15, 2024, upgrade upgraded it’s rating to Market Perform and revised its price target to $21 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $18 on January 30, 2024. BMO Capital Markets downgraded its rating to a Underperform and raised its price target to $15 on December 15, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on July 18, 2023, but kept the price target unchanged to $19. In a note dated May 08, 2023, JMP Securities upgraded an Mkt Outperform rating on this stock but restated the target price of $20.
For the past year, the stock price of Independence Realty Trust Inc fluctuated between $14.77 and $22.10. 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 $20.57 at the most recent close of the market. An investor can expect a potential return of 2.09% based on the average IRT price forecast.
Analyzing the IRT fundamentals
According to Independence Realty Trust Inc [NYSE:IRT], the company’s sales were 640.03M for trailing twelve months, which represents an -3.64% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.03. 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 20.31 points at the first support level, and at 20.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.81, and for the 2nd resistance point, it is at 21.05.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.61, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 118.08.
