Independence Realty Trust, Inc. (NYSE:IRT) Stock Has Average Target Price of $19.39

Posted by Geri Gentry on Nov 10th, 2026

Shares of Independence Realty Trust, Inc. (NYSE:IRT – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.39.

IRT has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Independence Realty Trust in a report on Tuesday, November 3rd. Citigroup reissued a “market outperform” rating on shares of Independence Realty Trust in a research report on Thursday, September 10th. Jefferies Financial Group upgraded Independence Realty Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. UBS Group reduced their price objective on Independence Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $22.00 price objective on shares of Independence Realty Trust in a research note on Thursday, September 10th.

Check Out Our Latest Research Report on IRT

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC lifted its position in Independence Realty Trust by 2,201.1% during the 2nd quarter. Squarepoint Ops LLC now owns 981,897 shares of the real estate investment trust’s stock valued at $16,388,000 after purchasing an additional 939,226 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Independence Realty Trust in the 2nd quarter valued at about $3,522,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Independence Realty Trust by 28,868.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,662 shares of the real estate investment trust’s stock worth $20,823,000 after buying an additional 1,243,355 shares during the period. Quantinno Capital Management LP grew its position in shares of Independence Realty Trust by 660.3% during the 1st quarter. Quantinno Capital Management LP now owns 318,941 shares of the real estate investment trust’s stock worth $4,749,000 after buying an additional 276,994 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of Independence Realty Trust during the second quarter worth approximately $2,061,000. 88.25% of the stock is owned by institutional investors and hedge funds.

Independence Realty Trust Stock Up 0.6%

Shares of NYSE:IRT opened at $15.09 on Thursday. The company has a market cap of $3.56 billion, a P/E ratio of 13.44 and a beta of 0.90. Independence Realty Trust has a 52 week low of $14.33 and a 52 week high of $17.79. The business has a fifty day simple moving average of $15.00 and a 200-day simple moving average of $16.02.

Independence Realty Trust (NYSE:IRT – Get Free Report) last released its earnings results on Monday, November 2nd. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.18). Independence Realty Trust had a net margin of 9.19% and a return on equity of 1.75%. The business had revenue of $171.96 million during the quarter, compared to analyst estimates of $171.43 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Sell-side analysts expect that Independence Realty Trust will post 1.14 earnings per share for the current fiscal year.

Independence Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Wednesday, September 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.72 annualized dividend and a yield of 4.8%. Independence Realty Trust’s dividend payout ratio (DPR) is 276.92%.

Independence Realty Trust Company Profile

(Get Free Report)

Independence Realty Trust, Inc is a real estate investment trust (REIT) that owns and operates multifamily apartment communities in U.S. markets. Its business centers on providing rental housing and managing residential properties.

The company focuses on apartment communities in non-gateway markets, with a portfolio concentrated in regions including the Southeast, Midwest and Mid-Atlantic. Its properties offer apartment homes and resident amenities.

Founded in 2009, Independence Realty Trust became publicly traded on the New York Stock Exchange in 2013.