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 offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Independence Realty Trust compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Independence Realty Trust's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Independence Realty Trust's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Independence Realty Trust analyst ratings.
Delving into Independence Realty Trust's Background
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, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
Independence Realty Trust: Delving into Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Independence Realty Trust showcased positive performance, achieving a revenue growth rate of 2.61% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Independence Realty Trust's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -24.25%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Independence Realty Trust's ROE excels beyond industry benchmarks, reaching -1.16%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.63%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.74, Independence Realty Trust adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.