Independence Realty Trust, Inc. · Real Estate · REIT - Residential
Scores & Status Key
AI Summary Scores: Intraday / Swing / Long scores are synthesized from multi-factor analysis for each timeframe. They summarize current conditions discussed in the report and do not constitute trading recommendations.
Intraday Trend Score: A 0–100 composite from the Trend Explorer™ analytics engine used for ranking and comparison. It describes current conditions and is not a forecast.
Trend Status: A rules-based label (Bullish / Mixed / Bearish) derived from signal confluence (trend structure, momentum, and positioning). It indicates alignment, not expected return.
Last
$16.13
+$0.47 (+2.97%) 12:24 PM ET
Prev closePrevC$15.66
OpenOpen$15.75
Day highHigh$16.14
Day lowLow$15.69
VolumeVol534,292
Avg volAvgVol2,366,801
On chart
Interval
Intervals apply to 1D & 5D.
Intervals apply to 1D & 5D.
Scale: Linear
Overlays
Panels
Style
Scale: Linear
Presets
Tools
Tickers only (no ^ indexes). Add up to 5.
Mkt cap
$3.69B
P/E ratio
67.19
FY Revenue
$657.99M
EPS
0.24
Gross Margin
72.91%
Sector
Real Estate
AI report sections
BULLISH
IRT
Independence Realty Trust, Inc.
No AI report section text found yet for this symbol.
Volume vs average
Intraday (cumulative)
+14% (Above avg)
Vol/Avg: 1.14×
RSI
54.76(Neutral)
Neutral (40–60)
0255075100
MACD momentum
Intraday
+0.00 (Strong)
MACD: 0.01 Signal: 0.01
Short-Term
+0.13 (Strong)
MACD: -0.09 Signal: -0.22
Long-Term
+0.09 (Strong)
MACD: -0.38 Signal: -0.47
Intraday trend score
85.50
LOW70.30HIGH86.50
Latest news
IRT•12 articles•Positive: 1Neutral: 0Negative: 0
PositiveInvesting.com• David Wagner
9 Dividend Paying Shares That Are Analysts’ Top Picks as Q2 Gets Underway
As Q2 begins amid geopolitical tensions with Iran, dividend-paying stocks are highlighted as reliable income sources during market volatility. The article identifies nine analyst-favored dividend stocks offering yields between 4.6% and 7%, with expected upside of 20-55%. Three specifically highlighted stocks are American Homes 4 Rent, JM Smucker Company, and Independence Realty Trust, each offering stable dividends and growth potential.
Focuses on stable workforce housing in growing suburban/urban areas, has Moderate Buy analyst consensus with average price target of $20.60 suggesting meaningful upside from current levels.
UnknownSeeking Alpha• Jussi Askola, CFA
Billionaire Investors Say 'Buy REITs'
Blackstone, led by self-made billionaires, is on a remarkable REIT buying spree as valuations hit a decade-low. Click for my top REIT picks.
AIRCAMHBSRTFBX
UnknownSeeking Alpha• Hoya Capital
Stagflation Is Back
US equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates. Learn more about the REIT markets here.
VNQRQIRNPIYR
UnknownSeeking Alpha• Hoya Capital
Here We Go Again
US equity markets declined for a second-straight week, while benchmark interest rates surged to the highest levels of the year. Read more here.
The recent uptick in rental prices presents a mixed bag for investors, buoying the outlook for residential real estate stocks while simultaneously stirring inflationary concerns that could complicate efforts to achieve the Federal Reserve’s 2% inflation target.
What Happened: The median U.S. asking rent saw a 2.2% increase year over year in February, reaching $1,981, marking the most significant gain since January 2023, with a month-on-month increase of 0.9%, as revealed by Redfin. This rise is partly attributed to the “base effect,” given that rents were at their lowest in February 2023, leading to an amplified annual rate increase.
The rental price surge is predominantly driven by the Northwest and Midwest regions. In the Northeast, the median asking rent escalated by 5.2% year over year to $2,481 in February, the most substantial increase in nine months. The Midwest witnessed a similar trend, with rents climbing 4.9% to ...Full story available on Benzinga.com
The Latest Analyst Ratings For Independence Realty Trust
Throughout the last three months, 4 analysts have evaluated Independence Realty Trust (NYSE:IRT), offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
0
3
0
1
0
Last 30D
0
1
0
0
0
1M Ago
0
2
0
0
0
2M Ago
0
0
0
0
0
3M Ago
0
0
0
1
0
Insights from analysts' 12-month price targets are revealed, presenting an average target of $16.75, a high estimate of $18.00, and a low estimate of $15.00. This current average has decreased by 5.21% from the previous average price target of $17.67.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Independence Realty Trust. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst
Analyst Firm
Action Taken
Rating
Current Price Target
Prior Price Target
Aaron Hecht
JMP Securities
Raises
Market Outperform
$17.00
$15.00
Anthony Powell
Barclays
Lowers
Overweight
$18.00
$22.00
Brad Heffern
RBC Capital
Raises
Outperform
$17.00
$16.00
John Kim
BMO Capital
Announces
Underperform
$15.00
-
Key Insights:
Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Independence Realty Trust. This information ...Full story available on Benzinga.com
IRTAnalyst Ratings
UnknownZacks Investment Research• Zacks Equity Research
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0% and 0.21%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
IRTNXRT
UnknownSeeking Alpha• Jussi Askola, CFA
Our Favorite REITs For Sunbelt Real Estate
Sunbelt region is experiencing rapid population growth, surge in construction activity focusing on multifamily properties. Click here for our top REIT picks in the region.
VNQMAACPTIRT
UnknownZacks Investment Research• Zacks Equity Research
Independence Realty (IRT) Advances on Strategy With Asset Sales
Independence Realty's (IRT) recent property sales underscore the company's dedication to its strategic objectives, including portfolio optimization and debt reduction.
EGPIRTPKUMH
UnknownSeeking Alpha• Jussi Askola, CFA
2 REITs To Buy In January 2024
Discover two attractively priced REITs that didn't fully engage in December's rally along with most others in the sector.
AVBCPTIIPRIRT
UnknownSeeking Alpha• Konstantinos Kosmidis
Independence Realty: Steep Discount Overshadows The Yield
Independence Realty Trust has shown strong performance with high occupancy rates and growth in revenue and operating income. Find out why IRT stock is a Buy.
IRT
UnknownBenzinga• Benzinga Insights
RBC Capital Maintains Outperform Rating for Independence Realty Trust: Here's What You Need To Know
RBC Capital has decided to maintain its Outperform rating of Independence Realty Trust (NYSE:IRT) and lower its price target from $18.00 to $17.00.
Shares of Independence Realty Trust are trading up 0.48% over the last 24 hours, at $12.45 per share.
A move to $17.00 would account for a 36.55% increase from the current share price.
About Independence Realty Trust
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, ...Full story available on Benzinga.com
IRTAnalyst Ratings
News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
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