Stock Price & Analysis

Hold IRT stock as it shows minimal gains with stable price action. Consider waiting for stronger trends before making a move.

The price prediction for IRT stock in 2025 is $22.48, driven by bullish technical indicators and positive analyst sentiment. Recent Fibonacci levels and Jefferies' upgrade to a Buy rating with a $24 target suggest strong upside potential.

The S1 support level for IRT Stock is $20.42 ,The R1 resistant level for IRT Stock is $21.15.

As of the end of day on 2025-03-24, the price of IRT Stock was $21.01.

The target price for IRT Stock according to analyst rating is 21.75, with the highest price target at 25.00 and the lowest at 20.00. Analysts have a Moderate Buy rating on IRT Stock overall.

The market cap of IRT is $4.9B.

IRT appears overvalued based on its high valuation metrics and recent market sentiment. Its price-to-earnings (P/E) ratio of 113.91 and EV/EBITDA of 53.71 are significantly above industry averages, indicating a premium price relative to earnings and cash flows. The stock is also trading near its recent analyst price target of $24, leaving limited upside potential. Additionally, the fear and greed index shows extreme fear, suggesting cautious market sentiment. These factors collectively suggest IRT may be overvalued at current levels.

Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company’s investment strategy is focused on gaining scale near major employment centers within submarkets that offer good school districts and retail. The Company acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The Company owns and operates approximately 113 multifamily apartment properties across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa, Florida. The Company’s portfolio of properties consists primarily of apartment communities geographically concentrated in the Southeastern and Midwest United States. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP).

The price prediction for IRT stock by 2030 is approximately $32 per share. This forecast is based on improving supply forecasts in the Sunbelt, expected rent growth acceleration, and stronger stabilization signs in the second half of 2025. Analysts have upgraded their ratings, with targets ranging from $20 to $25, indicating confidence in the stock's potential.

IRT has a total of 952 employees.