Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
19.61
+0.20 (1.00%)
Apr 25, 2025, 4:00 PM EDT - Market closed
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Independence Realty Trust stock have an average target of 22.67, with a low estimate of 21 and a high estimate of 25. The average target predicts an increase of 15.63% from the current stock price of 19.61.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Independence Realty Trust stock from 9 stock analysts 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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 4 |
| Buy | 5 | 5 | 5 | 4 | 3 | 3 |
| Hold | 1 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 9 | 9 | 8 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | +7.12% | Apr 11, 2025 |
| UBS | UBS | Strong Buy Initiates $24 | Strong Buy | Initiates | $24 | +22.42% | Apr 7, 2025 |
| Wells Fargo | Wells Fargo | Buy Initiates $24 | Buy | Initiates | $24 | +22.42% | Mar 19, 2025 |
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $20 → $24 | Hold → Strong Buy | Upgrades | $20 → $24 | +22.42% | Mar 10, 2025 |
| Barclays | Barclays | Hold Maintains $21 → $20 | Hold | Maintains | $21 → $20 | +2.01% | Feb 19, 2025 |
Financial Forecast
Revenue This Year
679.12M
from 640.38M
Increased by 6.05%
Revenue Next Year
718.99M
from 679.12M
Increased by 5.87%
EPS This Year
0.25
from 0.17
Increased by 47.04%
EPS Next Year
0.31
from 0.25
Increased by 22.37%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 735.8M | 798.5M | 803.8M | |
| Avg | 679.1M | 719.0M | 741.2M | |
| Low | 637.2M | 659.5M | 676.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 14.9% | 17.6% | 11.8% | |
| Avg | 6.0% | 5.9% | 3.1% | |
| Low | -0.5% | -2.9% | -5.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.39 | 0.38 | 0.41 |
| Avg | 0.25 | 0.31 | 0.32 |
| Low | 0.17 | 0.21 | 0.25 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 128.5% | 51.2% | 33.9% |
| Avg | 47.0% | 22.4% | 4.6% |
| Low | -2.0% | -17.7% | -19.9% |
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.