Independence Realty Trust, Inc. (IRT)

Independence Realty Trust Stock Forecast

Stock Price Forecast

The 9 analysts that cover Independence Realty Trust stock have a consensus rating of "Strong Buy" and an average price target of $22.11, which forecasts a 22.56% increase in the stock price over the next year. The lowest target is $20 and the highest is $25.

Price Target: $22.11 (+22.56%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$20	$22.11	$22	$25
Change	+10.86%	+22.56%	+21.95%	+38.58%

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	Apr '25	May '25	Jun '25	Jul '25	Aug '25	Sep '25
Strong Buy	4	4	4	4	4	4
Buy	3	3	3	3	3	3
Hold	2	3	3	3	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	10	10	10	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Cooper Clark Wells Fargo	Wells Fargo	Buy Maintains $24 → $20	Buy	Maintains	$24 → $20	+10.86%	Aug 27, 2025
Richard Hightower Barclays	Barclays	Hold Maintains $22 → $20	Hold	Maintains	$22 → $20	+10.86%	Aug 12, 2025
Merrill Ross Compass Point	Compass Point	Hold → Strong Buy Upgrades $22 → $24	Hold → Strong Buy	Upgrades	$22 → $24	+33.04%	Aug 1, 2025
Ami Probandt UBS	UBS	Strong Buy Maintains $24 → $21	Strong Buy	Maintains	$24 → $21	+16.41%	Jul 15, 2025
Merrill Ross Compass Point	Compass Point	Strong Buy → Hold Downgrades $22	Strong Buy → Hold	Downgrades	$22	+21.95%	May 13, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

673.37M

Increased by 5.15%

from 640.38M

Revenue Next Year

711.05M

Increased by 5.60%

from 673.37M

EPS This Year

0.24

Increased by 38.88%

from 0.17

EPS Next Year

0.28

Increased by 18.56%

from 0.24

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	673.37M	711.05M
Revenue Growth	4.27%	18.10%	150.29%	4.81%	-2.45%	5.15%	5.60%
EPS	0.16	0.41	0.53	-0.08	0.17	0.24	0.28
EPS Growth	-69.08%	160.03%	28.84%	-	-	38.88%	18.56%
Forward PE	-	-	-	-	-	76.41	64.45
No. Analysts	-	-	-	-	-	9	8

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

Revenue Forecast

Revenue	2025	2026	2027	2028
High	715.8M	773.1M
Avg	673.4M	711.1M
Low	639.2M	654.6M

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	11.8%	14.8%
Avg	5.2%	5.6%
Low	-0.2%	-2.8%

EPS Forecast

EPS	2025	2026	2027
High	0.40	0.34
Avg	0.24	0.28
Low	0.19	0.22

EPS Growth

EPS Growth	2025	2026	2027
High	134.7%	42.3%
Avg	38.9%	18.6%
Low	9.5%	-8.7%

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.