Independence Realty Stock Target Price and Analyst Consensus

IRT Stock  USD 16.13  0.12  0.75%   
The current analyst and expert consensus on Independence Realty is Strong Buy, with 5 strong buy opinions. The current projected Independence Realty target price consensus is 20.09 with 12 analyst opinions. The most common way Independence Realty Trust analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Independence Realty executives and customers to further validate their buy or sell advice. Independence Realty buy-or-sell recommendation module provides average expert sentiment on the projected Independence Realty Trust target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Independence Realty to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
18.28
Highest Forecast
22.3
Target Price
20.09
Operating Profit Margin is likely to gain to 0.29 in 2024, whereas Gross Profit is likely to drop slightly above 103.4 M in 2024. At this time, Independence Realty's Other Stockholder Equity is comparatively stable compared to the past year. Total Liabilities is likely to gain to about 2.8 B in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 971.7 M in 2024.
  
It's important to approach Independence Realty's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Independence Realty Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Independence target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Independence Realty's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   12  Strong Buy
Most Independence analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Independence stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Independence Realty Trust, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Independence Realty Target Price Projection

Independence Realty's current and average target prices are 16.13 and 20.09, respectively. The current price of Independence Realty is the price at which Independence Realty Trust is currently trading. On the other hand, Independence Realty's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Independence Realty Market Quote on 28th of March 2024

Low Price16.06Odds
High Price16.32Odds

16.13

Target Price

Analyst Consensus On Independence Realty Target Price

Low Estimate18.28Odds
High Estimate22.3Odds

20.09

Historical Lowest Forecast  18.28 Target Price  20.09 Highest Forecast  22.3
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Independence Realty Trust and the information provided on this page.

Independence Realty Analyst Ratings

Independence Realty's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Independence Realty stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Independence Realty's financials, market performance, and future outlook by experienced professionals. Independence Realty's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Independence Realty price targets

Independence Realty's stock target price is an estimate of its future price, usually made by analysts. Using Independence Realty's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Independence Realty's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Independence Realty's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Independence Realty Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Independence Realty is a key component of Independence Realty valuation and have some predictive power on the future returns of a Independence Realty.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independence Realty's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
14.1916.0717.95
Details
Intrinsic
Valuation
LowRealHigh
15.6817.5619.44
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.060.140.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Independence Realty. Your research has to be compared to or analyzed against Independence Realty's peers to derive any actionable benefits. When done correctly, Independence Realty's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Independence Realty Trust.

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When determining whether Independence Realty Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Independence Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Independence Realty Trust Stock. Highlighted below are key reports to facilitate an investment decision about Independence Realty Trust Stock:
Check out Macroaxis Advice on Independence Realty to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Independence Realty's price analysis, check to measure Independence Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.
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The data published in Independence Realty's official financial statements usually reflect Independence Realty's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Independence Realty Trust. For example, before you start analyzing numbers published by Independence accountants, it's critical to develop an understanding of what Independence Realty's liquidity, profitability, and earnings quality are in the context of the Diversified REITs space in which it operates.
Please note, the presentation of Independence Realty's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Independence Realty's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Independence Realty's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Independence Realty Trust. Please utilize our Beneish M Score to check the likelihood of Independence Realty's management manipulating its earnings.