A share price of Independence Realty Trust Inc [IRT] is currently trading at $19.59, up 0.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IRT shares have gain 4.20% over the last week, with a monthly amount drifted -6.76%, 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 April 07, 2025, when UBS initiated its Buy rating and assigned the stock a price target of $24. Previously, Wells Fargo started tracking the stock with Overweight rating on March 19, 2025, and set its price target to $24. On March 10, 2025, upgrade upgraded it’s rating to Buy and revised its price target to $24 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $23 on December 17, 2024. BMO Capital Markets upgraded its rating to a Market Perform and raised its price target to $21 on November 15, 2024. Deutsche Bank started tracking with a Buy rating for this stock on January 30, 2024, and assigned it a price target of $18. In a note dated December 15, 2023, BMO Capital Markets downgraded an Underperform rating on this stock and boosted its target price from $14 to $15.
Independence Realty Trust Inc experienced fluctuations in its stock price throughout the past year between $14.94 and $22.10. Currently, Wall Street analysts expect the stock to reach $19.33 within the next 12 months. Independence Realty Trust Inc [NYSE: IRT] shares were valued at $19.59 at the most recent close of the market. An investor can expect a potential drop of -1.33% 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 0.31%, 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 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 19.35 points at the first support level, and at 19.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.88, and for the 2nd resistance point, it is at 20.18.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.19, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 112.46.
Transactions by insiders
Recent insider trading involved SCHAEFFER SCOTT, Chair Board and CEO, that happened on Apr 01 ’25 when 10000.0 shares were sold. Director, Gebert Richard D completed a deal on Apr 01 ’25 to sell 500.0 shares. Meanwhile, Officer SCHAEFFER SCOTT bought 10000.0 shares on Apr 01 ’25.
