Independence Realty Trust, Inc. (IRT)
NYSE: IRT · IEX Real-Time Price · USD
18.90
+0.11 (0.59%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for IRT stock have an average target of 16.8, with a low estimate of 15 and a high estimate of 18. The average target predicts a decrease of -11.11% from the current stock price of 18.90.
Analyst Consensus: Buy
* Price targets were last updated on Mar 12, 2024.
Analyst Ratings
The average analyst rating for IRT stock from 5 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Hold | 1 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $16 → $17 | Buy | Maintains | $16 → $17 | -10.05% | Mar 12, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $15 → $17 | Buy | Maintains | $15 → $17 | -10.05% | Mar 6, 2024 |
| Barclays | Barclays | Buy Maintains $22 → $18 | Buy | Maintains | $22 → $18 | -4.76% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $16 → $17 | Buy | Maintains | $16 → $17 | -10.05% | Feb 16, 2024 |
| BMO Capital | BMO Capital | Hold → Sell Downgrades $15 | Hold → Sell | Downgrades | $15 | -20.63% | Dec 15, 2023 |
Financial Forecast
Revenue This Year
657.41M
from 660.98M
Decreased by -0.54%
Revenue Next Year
677.97M
from 657.41M
Increased by 3.13%
EPS This Year
0.29
from -0.08
EPS Next Year
0.29
from 0.29
Increased by 0.59%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 697.8M | 721.0M | 753.4M |
| Avg | 657.4M | 678.0M | 700.6M |
| Low | 627.2M | 642.6M | 663.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.6% | 9.7% | 11.1% |
| Avg | -0.5% | 3.1% | 3.3% |
| Low | -5.1% | -2.3% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.39 | 0.35 | 0.30 |
| Avg | 0.29 | 0.29 | 0.29 |
| Low | 0.21 | 0.23 | 0.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 20.4% | 5.2% |
| Avg | - | 0.6% | 1.2% |
| Low | - | -21.7% | -1.8% |
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.