Independence Realty Trust, Inc. (IRT)

Independence Realty Trust Stock Forecast

Stock Price Forecast

The 10 analysts that cover Independence Realty Trust stock have a consensus rating of "Buy" and an average price target of $21.35, which forecasts a 28.65% increase in the stock price over the next year. The lowest target is $18 and the highest is $25.

Price Target: $21.35 (+28.65%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18	$21.35	$21	$25
Change	+8.47%	+28.65%	+26.54%	+50.65%

Analyst Ratings

The average analyst rating for Independence Realty Trust stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	4	4	3	3	3	3
Buy	3	3	2	3	4	4
Hold	2	2	1	2	2	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	6	8	9	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nick Joseph Citigroup	Citigroup	Hold Maintains $20 → $18	Hold	Maintains	$20 → $18	+8.47%	Feb 18, 2026
John Kim BMO Capital	BMO Capital	Hold → Buy Upgrades $20 → $22	Hold → Buy	Upgrades	$20 → $22	+32.57%	Jan 9, 2026
Ami Probandt UBS	UBS	Strong Buy Maintains $19 → $20	Strong Buy	Maintains	$19 → $20	+20.52%	Jan 8, 2026
Todd Thomas Keybanc	Keybanc	Buy Maintains $22 → $21	Buy	Maintains	$22 → $21	+26.54%	Dec 4, 2025
Barry Oxford Colliers Securities	Colliers Securities	Strong Buy → Hold Downgrades $20 → $19	Strong Buy → Hold	Downgrades	$20 → $19	+11.48%	Dec 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

688.28M

Increased by 2.92%

from 668.76M

Revenue Next Year

713.31M

Increased by 3.64%

from 688.28M

EPS This Year

0.23

Decreased by -5.61%

from 0.24

EPS Next Year

0.27

Increased by 21.27%

from 0.23

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	250.25M	626.36M	656.50M	640.38M	668.76M	688.28M	713.31M
Revenue Growth	18.10%	150.29%	4.81%	-2.45%	4.43%	2.92%	3.64%
EPS	0.41	0.53	-0.08	0.17	0.24	0.23	0.27
EPS Growth	160.03%	28.84%	-	-	41.18%	-5.61%	21.27%
Forward PE	-	-	-	-	-	73.26	60.41
No. Analysts	-	-	-	-	-	9	6

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

Revenue Forecast

Revenue	2026	2027	2028
High	743.6M	778.1M
Avg	688.3M	713.3M
Low	643.5M	668.2M

Revenue Growth

Revenue Growth	2026	2027	2028
High	11.2%	13.0%
Avg	2.9%	3.6%
Low	-3.8%	-2.9%

EPS Forecast

EPS	2026	2027
High	0.34	0.39
Avg	0.23	0.27
Low	0.17	0.20

EPS Growth

EPS Growth	2026	2027
High	40.0%	71.5%
Avg	-5.6%	21.3%
Low	-30.6%	-13.5%

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.