Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
20.86
-0.12 (-0.57%)
Mar 28, 2025, 4:00 PM EDT - Market closed
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Independence Realty Trust stock have an average target of 22.38, with a low estimate of 20 and a high estimate of 25. The average target predicts an increase of 7.29% from the current stock price of 20.86.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Independence Realty Trust 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 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Buy | 5 | 5 | 5 | 5 | 4 | 3 |
| Hold | 0 | 1 | 2 | 2 | 2 | 2 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 9 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Initiates $24 | Buy | Initiates | $24 | +15.05% | Mar 19, 2025 |
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $20 → $24 | Hold → Strong Buy | Upgrades | $20 → $24 | +15.05% | Mar 10, 2025 |
| Barclays | Barclays | Hold Maintains $21 → $20 | Hold | Maintains | $21 → $20 | -4.12% | Feb 19, 2025 |
| JMP Securities | JMP Securities | Buy Maintains $22 → $25 | Buy | Maintains | $22 → $25 | +19.85% | Feb 14, 2025 |
| JMP Securities | JMP Securities | Buy Reiterates $22 | Buy | Reiterates | $22 | +5.47% | Feb 11, 2025 |
Financial Forecast
Revenue This Year
679.77M
from 640.38M
Increased by 6.15%
Revenue Next Year
717.16M
from 679.77M
Increased by 5.50%
EPS This Year
0.25
from 0.17
Increased by 48.53%
EPS Next Year
0.31
from 0.25
Increased by 22.67%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 735.8M | 798.5M | 803.0M | |
| Avg | 679.8M | 717.2M | 734.9M | |
| Low | 633.7M | 650.8M | 676.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 14.9% | 17.5% | 12.0% | |
| Avg | 6.2% | 5.5% | 2.5% | |
| Low | -1.0% | -4.3% | -5.6% |
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% | 49.7% | 32.2% |
| Avg | 48.5% | 22.7% | 4.3% |
| Low | -2.0% | -18.5% | -20.9% |
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.