Independence Realty Trust, Inc. (IRT)

Independence Realty Trust Stock Forecast

Stock Price Forecast

The 6 analysts that cover Independence Realty Trust stock have a consensus rating of "Strong Buy" and an average price target of $22.17, which forecasts a 29.27% increase in the stock price over the next year. The lowest target is $19 and the highest is $25.

Price Target: $22.17 (+29.27%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$19	$22.17	$24	$25
Change	+10.79%	+29.27%	+39.94%	+45.77%

Analyst Ratings

The average analyst rating for Independence Realty Trust stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	4	4	4	4	4	3
Buy	3	3	3	3	3	2
Hold	3	3	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	9	9	9	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Hightower Barclays	Barclays	Hold Maintains $20 → $21	Hold	Maintains	$20 → $21	+22.45%	Nov 25, 2025
Ami Probandt UBS	UBS	Strong Buy Maintains $21 → $19	Strong Buy	Maintains	$21 → $19	+10.79%	Nov 10, 2025
Cooper Clark Wells Fargo	Wells Fargo	Buy Maintains $24 → $20	Buy	Maintains	$24 → $20	+16.62%	Aug 27, 2025
Richard Hightower Barclays	Barclays	Hold Maintains $22 → $20	Hold	Maintains	$22 → $20	+16.62%	Aug 12, 2025
Merrill Ross Compass Point	Compass Point	Hold → Strong Buy Upgrades $22 → $24	Hold → Strong Buy	Upgrades	$22 → $24	+39.94%	Aug 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

667.20M

Increased by 4.19%

from 640.38M

Revenue Next Year

698.71M

Increased by 4.72%

from 667.20M

EPS This Year

0.27

Increased by 60.41%

from 0.17

EPS Next Year

0.27

Decreased by -2.64%

from 0.27

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	211.91M	250.25M	626.36M	656.50M	640.38M	667.20M	698.71M
Revenue Growth	4.27%	18.10%	150.29%	4.81%	-2.45%	4.19%	4.72%
EPS	0.16	0.41	0.53	-0.08	0.17	0.27	0.27
EPS Growth	-69.08%	160.03%	28.84%	-	-	60.41%	-2.64%
Forward PE	-	-	-	-	-	62.89	64.60
No. Analysts	-	-	-	-	-	9	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	706.0M	756.1M
Avg	667.2M	698.7M
Low	635.7M	647.9M

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	10.2%	13.3%
Avg	4.2%	4.7%
Low	-0.7%	-2.9%

EPS Forecast

EPS	2025	2026	2027
High	0.53	0.34
Avg	0.27	0.27
Low	0.19	0.22

EPS Growth

EPS Growth	2025	2026	2027
High	208.8%	23.2%
Avg	60.4%	-2.6%
Low	9.5%	-20.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.