Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
19.59
+0.37 (1.93%)
At close: May 16, 2025, 4:00 PM
19.59
0.00 (0.00%)
After-hours: May 16, 2025, 7:00 PM EDT
Independence Realty Trust Stock Forecast
Stock Price Forecast
According to 10 professional analysts, the 12-month price target for Independence Realty Trust stock ranges from a low of $21 to a high of $25. The average analyst price target of $22.7 forecasts a 15.88% increase in the stock price over the next year.
Price Target: $22.70 (+15.88%)
Analyst Consensus: Buy
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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 4 | 4 |
| Buy | 5 | 5 | 4 | 3 | 3 | 3 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 8 | 8 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Compass Point | Compass Point | Strong Buy → Hold Downgrades $22 | Strong Buy → Hold | Downgrades | $22 | +12.30% | May 13, 2025 |
| Barclays | Barclays | Hold Maintains $21 → $22 | Hold | Maintains | $21 → $22 | +12.30% | May 9, 2025 |
| JMP Securities | JMP Securities | Buy Reiterates $25 | Buy | Reiterates | $25 | +27.62% | May 5, 2025 |
| Barclays | Barclays | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | +7.20% | Apr 11, 2025 |
| UBS | UBS | Strong Buy Initiates $24 | Strong Buy | Initiates | $24 | +22.51% | Apr 7, 2025 |
Financial Forecast
Revenue This Year
673.89M
from 640.38M
Increased by 5.23%
Revenue Next Year
715.41M
from 673.89M
Increased by 6.16%
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 | 720.3M | 773.1M | 803.8M | |
| Avg | 673.9M | 715.4M | 745.0M | |
| Low | 639.7M | 659.4M | 674.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 12.5% | 14.7% | 12.4% | |
| Avg | 5.2% | 6.2% | 4.1% | |
| Low | -0.1% | -2.2% | -5.7% |
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.