A share price of Independence Realty Trust Inc [IRT] is currently trading at $21.23, up 1.77%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IRT shares have gain 1.05% over the last week, with a monthly amount drifted -2.61%, 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 March 19, 2025, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $24. Previously, Jefferies upgraded its rating to Buy on March 10, 2025, and elevated its price target to $24. On December 17, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $23 on the stock. BMO Capital Markets upgraded its rating to a Market Perform and increased its price target to $21 on November 15, 2024. Deutsche Bank initiated its recommendation with a Buy and recommended $18 as its price target on January 30, 2024. BMO Capital Markets downgraded its rating to Underperform for this stock on December 15, 2023, and upped its price target to $15. In a note dated July 18, 2023, BMO Capital Markets downgraded an Market Perform rating on this stock but restated the target price of $19.
Independence Realty Trust Inc experienced fluctuations in its stock price throughout the past year between $14.92 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 $21.23 at the most recent close of the market. An investor can expect a potential drop of -1.08% based on the average IRT price forecast.
Analyzing the IRT fundamentals
Trailing Twelve Months sales for Independence Realty Trust Inc [NYSE:IRT] were 640.03M which represents -3.64% decline. 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 20.95 points at the first support level, and at 20.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.51, and for the 2nd resistance point, it is at 21.78.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.86, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 121.87.
