Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
19.00
-0.02 (-0.11%)
Jan 17, 2025, 4:00 PM EST - Market closed
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for IRT stock have an average target of 20.33, with a low estimate of 17 and a high estimate of 23. The average target predicts an increase of 7.00% from the current stock price of 19.00.
Analyst Consensus: Buy
* Price targets were last updated on Dec 17, 2024.
Analyst Ratings
The average analyst rating for IRT stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Buy | 4 | 5 | 5 | 5 | 5 | 5 |
| Hold | 0 | 0 | 0 | 1 | 2 | 2 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 8 | 8 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Initiates $23 | Hold | Initiates | $23 | +21.05% | Dec 17, 2024 |
| BMO Capital | BMO Capital | Sell → Hold Upgrades $19 → $21 | Sell → Hold | Upgrades | $19 → $21 | +10.53% | Nov 15, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $18 → $22 | Strong Buy | Maintains | $18 → $22 | +15.79% | Sep 10, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $20 → $22 | Buy | Maintains | $20 → $22 | +15.79% | Sep 9, 2024 |
| Keybanc | Keybanc | Buy Maintains $20 → $22 | Buy | Maintains | $20 → $22 | +15.79% | Sep 6, 2024 |
Financial Forecast
Revenue This Year
648.08M
Revenue Next Year
680.30M
from 648.08M
Increased by 4.97%
EPS This Year
0.27
from -0.08
EPS Next Year
0.27
from 0.27
Increased by 3.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 683.4M | 735.2M | 768.1M |
| Avg | 648.1M | 680.3M | 706.4M |
| Low | 625.0M | 633.7M | 650.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 13.4% | 12.9% |
| Avg | - | 5.0% | 3.8% |
| Low | - | -2.2% | -4.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.30 | 0.33 | 0.41 |
| Avg | 0.27 | 0.27 | 0.37 |
| Low | 0.24 | 0.22 | 0.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 22.4% | 49.2% |
| Avg | - | 3.2% | 35.0% |
| Low | - | -18.9% | 21.4% |
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.