Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
20.40
-0.35 (-1.69%)
Feb 21, 2025, 4:00 PM EST - Market closed
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Independence Realty Trust stock have an average target of 21.14, with a low estimate of 17 and a high estimate of 25. The average target predicts an increase of 3.63% from the current stock price of 20.40.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Independence Realty Trust stock from 7 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 5 | 5 | 5 | 5 | 5 | 3 |
| Hold | 0 | 0 | 1 | 2 | 2 | 2 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 9 | 9 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $21 → $20 | Hold | Maintains | $21 → $20 | -1.96% | Feb 19, 2025 |
| JMP Securities | JMP Securities | Buy Maintains $22 → $25 | Buy | Maintains | $22 → $25 | +22.55% | Feb 14, 2025 |
| JMP Securities | JMP Securities | Buy Reiterates $22 | Buy | Reiterates | $22 | +7.84% | Feb 11, 2025 |
| Barclays | Barclays | Hold Maintains $23 → $21 | Hold | Maintains | $23 → $21 | +2.94% | Jan 24, 2025 |
| Barclays | Barclays | Hold Initiates $23 | Hold | Initiates | $23 | +12.75% | Dec 17, 2024 |
Financial Forecast
Revenue This Year
678.52M
Revenue Next Year
711.95M
from 678.52M
Increased by 4.93%
EPS This Year
0.25
from 0.17
Increased by 48.53%
EPS Next Year
0.33
from 0.25
Increased by 31.00%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 735.8M | 798.5M | 803.0M |
| Avg | 678.5M | 712.0M | 772.5M |
| Low | 630.8M | 646.7M | 749.5M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 17.7% | 12.8% |
| Avg | - | 4.9% | 8.5% |
| Low | - | -4.7% | 5.3% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.29 | 0.37 | 0.43 |
| Avg | 0.25 | 0.33 | 0.41 |
| Low | 0.22 | 0.29 | 0.40 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 72.9% | 45.5% | 30.1% |
| Avg | 48.5% | 31.0% | 25.2% |
| Low | 26.8% | 16.4% | 21.5% |
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.