Independence Realty Trust Inc [NYSE: IRT] gained 2.70% or 1969982.59 points to close at $1970000.0 with a heavy trading volume of 4988731 shares.
It opened the trading session at $17.64, the shares rose to $17.91 and dropped to $17.415, the range by which the price of stock traded the whole day. The daily chart for IRT points out that the company has recorded -10.81% loss over the past six months.
If we look at the average trading volume of 1.97M shares, IRT reached to a volume of 4988731 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Independence Realty Trust Inc [IRT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IRT shares is $22.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IRT stock is a recommendation set at 1.64. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Compass Point have made an estimate for Independence Realty Trust Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 13, 2025. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on April 07, 2025, representing the official price target for Independence Realty Trust Inc stock. Previously, the target price had yet another raise to $24, while Wells Fargo analysts kept a Overweight rating on IRT stock. On March 10, 2025, analysts increased their price target for IRT shares from 20 to 24.
The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 0.20. Price to Free Cash Flow for IRT in the course of the last twelve months was 25.22 with Quick ratio for the last quarter at 0.36.
Trading performance analysis for IRT stock
Independence Realty Trust Inc [IRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.56. With this latest performance, IRT shares dropped by -2.19% in over the last four-week period, additionally sinking by -10.81% over the last 6 months – not to mention a drop of -9.88% in the past year of trading.
Independence Realty Trust Inc [IRT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Independence Realty Trust Inc [IRT] shares currently have an operating margin of 19.58% and a Gross Margin at 23.37%. Independence Realty Trust Inc’s Net Margin is presently recorded at 4.69%.
Return on Equity for this stock inclined to 0.50%, with Return on Assets sitting at 0.50%.
Independence Realty Trust Inc [IRT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Independence Realty Trust Inc go to 21.54%.
An analysis of Institutional ownership at Independence Realty Trust Inc [IRT]
There are presently around $102.22%, or 102.87% of IRT stock, in the hands of institutional investors. The top three institutional holders of IRT stocks are: BLACKROCK INC. with ownership of 33.04 million shares, which is approximately 14.6964%. VANGUARD GROUP INC, holding 32.63 million shares of the stock with an approximate value of $$611.57 million in IRT stocks shares; and VANGUARD GROUP INC, currently with $$248.29 million in IRT stock with ownership which is approximately 5.8941%.
