Independence Realty Trust, Inc. (IRT)
NYSE: IRT · IEX Real-Time Price · USD
15.86
+0.20 (1.28%)
Apr 26, 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 an increase of 5.93% from the current stock price of 15.86.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Buy | 4 | 3 | 3 | 3 | 4 | 4 |
| Hold | 4 | 3 | 3 | 1 | 0 | 0 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 8 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $16 → $17 | Buy | Maintains | $16 → $17 | +7.19% | Mar 12, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $15 → $17 | Buy | Maintains | $15 → $17 | +7.19% | Mar 6, 2024 |
| Barclays | Barclays | Buy Maintains $22 → $18 | Buy | Maintains | $22 → $18 | +13.49% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $16 → $17 | Buy | Maintains | $16 → $17 | +7.19% | Feb 16, 2024 |
| BMO Capital | BMO Capital | Hold → Sell Downgrades $15 | Hold → Sell | Downgrades | $15 | -5.42% | Dec 15, 2023 |
Financial Forecast
Revenue This Year
660.91M
from 660.98M
Decreased by -0.01%
Revenue Next Year
657.61M
from 660.91M
Decreased by -0.50%
EPS This Year
0.36
from -0.08
EPS Next Year
0.31
from 0.36
Decreased by -13.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 718.7M | 745.5M | 761.2M |
| Avg | 660.9M | 657.6M | 705.2M |
| Low | 617.4M | 399.3M | 655.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.7% | 12.8% | 15.7% |
| Avg | -0.0% | -0.5% | 7.2% |
| Low | -6.6% | -39.6% | -0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.43 | 0.35 | 0.45 |
| Avg | 0.36 | 0.31 | 0.38 |
| Low | 0.25 | 0.26 | 0.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | -4.0% | 45.4% |
| Avg | - | -14.0% | 23.6% |
| Low | - | -26.7% | 4.1% |
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.