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
Target Low Average Median High
Price $17 $20 $21 $22
Change -20.24% -6.17% -1.48% +3.21%

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 '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 001222
Buy 444555
Hold 000001
Sell 111110
Strong Sell 000000
Total 556888

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
BMO Capital
BMO Capital
Hold
Upgrades
$19$21
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
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
-----647.58M680.00M676.35M
Revenue Growth
6.27%4.27%18.10%150.29%4.81%-5.01%-0.54%
EPS
0.510.160.410.53-0.080.270.270.37
EPS Growth
70.00%-69.08%160.03%28.84%--3.17%34.97%
Forward PE
-----80.1477.6857.56
No. Analysts -----774
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High -
12.4%
12.5%
Avg -
5.0%
-0.5%
Low -
-2.1%
-38.3%

EPS Forecast

EPS 202420252026
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 202420252026
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.