Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
21.32
-0.17 (-0.77%)
Dec 3, 2024, 2:04 PM EST - Market open
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for IRT stock have an average target of 20, with a low estimate of 17 and a high estimate of 22. The average target predicts a decrease of -6.17% from the current stock price of 21.32.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for IRT stock from 8 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 1 | 2 | 2 | 2 |
Buy | 4 | 4 | 4 | 5 | 5 | 5 |
Hold | 0 | 0 | 0 | 0 | 0 | 1 |
Sell | 1 | 1 | 1 | 1 | 1 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 5 | 5 | 6 | 8 | 8 | 8 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
BMO Capital | BMO Capital | Sell → Hold Upgrades $19 → $21 | Sell → Hold | Upgrades | $19 → $21 | -1.48% | Nov 15, 2024 |
Deutsche Bank | Deutsche Bank | Strong Buy Maintains $18 → $22 | Strong Buy | Maintains | $18 → $22 | +3.21% | Sep 10, 2024 |
JMP Securities | JMP Securities | Buy Maintains $20 → $22 | Buy | Maintains | $20 → $22 | +3.21% | Sep 9, 2024 |
Keybanc | Keybanc | Buy Maintains $20 → $22 | Buy | Maintains | $20 → $22 | +3.21% | Sep 6, 2024 |
BTIG | BTIG | Strong Buy Maintains $18 → $21 | Strong Buy | Maintains | $18 → $21 | -1.48% | Aug 12, 2024 |
Financial Forecast
Revenue This Year
647.58M
Revenue Next Year
680.00M
from 647.58M
Increased by 5.01%
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 | 728.1M | 764.9M |
Avg | 647.6M | 680.0M | 676.4M |
Low | 623.8M | 633.7M | 419.7M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | - | 12.4% | 12.5% |
Avg | - | 5.0% | -0.5% |
Low | - | -2.1% | -38.3% |
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.