Independence Realty Trust (IRT) Stock Forecast, Price Target & Predictions
IRT Stock Forecast
Independence Realty Trust stock forecast is as follows: an average price target of $19.33 (represents a -9.46% downside from IRT’s last price of $21.35) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
IRT Price Target
The average price target for Independence Realty Trust (IRT) is $19.33 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $21.00 to $17.00. This represents a potential -9.46% downside from IRT's last price of $21.35.
IRT Analyst Ratings
According to 7 Wall Street analysts, Independence Realty Trust's rating consensus is 'Buy'. The analyst rating breakdown for IRT stock is 0 'Strong Buy' (0.00%), 7 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Independence Realty Trust Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 01, 2024 | Brad Heffern | RBC Capital | $21.00 | $20.50 | 2.44% | -1.64% |
| May 24, 2024 | Amanda Sweitzer | Robert W. Baird | $18.00 | $16.57 | 8.60% | -15.69% |
| May 08, 2023 | Aaron Hecht | JMP Securities | $20.00 | $17.00 | 17.65% | -6.32% |
| Jan 11, 2023 | - | BTIG | $21.00 | $17.27 | 21.63% | -1.64% |
| Jan 03, 2023 | - | Jefferies | $17.00 | $16.86 | 0.83% | -20.37% |
| Jun 30, 2022 | - | Jefferies | $24.00 | $20.73 | 15.77% | 12.41% |
| Apr 22, 2022 | - | Jefferies | $32.00 | $28.11 | 13.83% | 49.88% |
| Sep 28, 2021 | Craig Kucera | B.Riley Financial | $19.00 | $20.36 | -6.68% | -11.01% |
The latest Independence Realty Trust stock forecast, released on Oct 01, 2024 by Brad Heffern from RBC Capital, set a price target of $21.00, which represents a 2.44% increase from the stock price at the time of the forecast ($20.50), and a -1.64% decrease from IRT last price ($21.35).
Independence Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $21.00 | $19.50 |
| Last Closing Price | $21.35 | $21.35 | $21.35 |
| Upside/Downside | -100.00% | -1.64% | -8.67% |
In the current month, the average price target of Independence Realty Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Independence Realty Trust's last price of $21.35. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 01, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 10, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Sep 09, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Sep 06, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 12, 2024 | BTIG | Buy | Buy | Hold |
| Aug 02, 2024 | Compass Point | Buy | Buy | Hold |
| Nov 01, 2023 | RBC Capital | Outperform | Outperform | Hold |
| May 08, 2023 | JMP Securities | - | Market Outperform | Upgrade |
| Jan 11, 2023 | BTIG | Buy | Buy | Hold |
| Jun 30, 2022 | Jefferies | Buy | Buy | Hold |
Independence Realty Trust's last stock rating was published by RBC Capital on Oct 01, 2024. The company gave IRT a "Outperform" rating, the same as its previous rate.
Independence Realty Trust Financial Forecast
Independence Realty Trust Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $167.05M | $168.61M | $163.96M | $161.37M | $162.80M | $160.60M | $154.76M | $150.36M | $76.92M | $60.78M | $57.44M | $55.11M | $54.09M | $54.20M | $52.27M | $51.35M | $51.43M | $51.30M |
| Avg Forecast | $177.10M | $177.76M | $174.13M | $171.59M | $171.52M | $171.26M | $167.71M | $164.55M | $162.76M | $159.63M | $161.48M | $161.45M | $166.70M | $166.74M | $165.18M | $161.39M | $163.87M | $160.01M | $151.93M | $146.91M | $61.41M | $58.87M | $55.65M | $54.24M | $54.10M | $52.10M | $51.50M | $52.09M | $52.04M | $51.83M |
| High Forecast | $181.51M | $182.18M | $178.47M | $175.86M | $175.79M | $175.52M | $171.88M | $168.65M | $165.22M | $160.31M | $161.48M | $161.45M | $168.15M | $168.28M | $169.29M | $165.41M | $167.96M | $160.01M | $151.93M | $146.91M | $61.41M | $58.87M | $55.65M | $54.24M | $54.10M | $52.10M | $51.50M | $52.09M | $52.04M | $51.83M |
| Low Forecast | $174.67M | $175.31M | $171.74M | $169.23M | $169.16M | $168.91M | $165.40M | $162.29M | $160.31M | $158.94M | $161.48M | $161.45M | $165.90M | $164.57M | $162.91M | $159.17M | $161.62M | $160.01M | $151.93M | $146.91M | $61.41M | $58.87M | $55.65M | $54.24M | $54.10M | $52.10M | $51.50M | $52.09M | $52.04M | $51.83M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 0.99% | 1.00% | 0.99% | 1.00% | 1.02% | 1.02% | 1.25% | 1.03% | 1.03% | 1.02% | 1.00% | 1.04% | 1.01% | 0.99% | 0.99% | 0.99% |
Independence Realty Trust's average Quarter revenue forecast for Mar 24 based on 1 analysts is $161.45M, with a low forecast of $161.45M, and a high forecast of $161.45M. IRT's average Quarter revenue forecast represents a -3.35% decrease compared to the company's last Quarter revenue of $167.05M (Dec 23).
Independence Realty Trust EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $95.64M | $160.85M | $87.88M | $86.91M | $93.32M | $88.55M | $82.10M | $81.38M | $65.58M | $37.59M | $28.71M | $26.02M | $37.53M | $25.24M | $25.22M | $23.95M | $47.87M | $28.08M |
| Avg Forecast | $111.58M | $111.99M | $109.71M | $108.10M | $108.06M | $107.90M | $105.66M | $103.67M | $102.54M | $100.57M | $101.73M | $155.84M | $105.02M | $105.05M | $104.07M | $101.68M | $58.53M | $83.80M | $79.57M | $76.94M | $32.16M | $30.83M | $29.15M | $35.13M | $28.33M | $27.29M | $26.97M | $46.06M | $27.26M | $27.15M |
| High Forecast | $114.36M | $114.78M | $112.44M | $110.80M | $110.75M | $110.58M | $108.29M | $106.25M | $104.09M | $101.00M | $101.73M | $187.00M | $105.94M | $106.02M | $106.66M | $104.21M | $70.23M | $83.80M | $79.57M | $76.94M | $32.16M | $30.83M | $29.15M | $42.16M | $28.33M | $27.29M | $26.97M | $55.27M | $27.26M | $27.15M |
| Low Forecast | $110.04M | $110.45M | $108.20M | $106.62M | $106.58M | $106.41M | $104.21M | $102.25M | $101.00M | $100.14M | $101.73M | $124.67M | $104.52M | $103.68M | $102.64M | $100.28M | $46.82M | $83.80M | $79.57M | $76.94M | $32.16M | $30.83M | $29.15M | $28.10M | $28.33M | $27.29M | $26.97M | $36.85M | $27.26M | $27.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.53% | 0.84% | 0.85% | 1.59% | 1.06% | 1.03% | 1.06% | 2.04% | 1.22% | 0.98% | 0.74% | 1.32% | 0.93% | 0.94% | 0.52% | 1.76% | 1.03% |
1 analysts predict IRT's average Quarter EBITDA for Mar 24 to be $155.84M, with a high of $187.00M and a low of $124.67M. This is 62.94% upper than Independence Realty Trust's previous annual EBITDA (Dec 23) of $95.64M.
Independence Realty Trust Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-40.52M | $3.99M | $10.71M | $6.27M | $11.19M | $16.22M | $-7.21M | $74.60M | $28.61M | $11.50M | $3.39M | $1.09M | $13.26M | $1.09M | $789.00K | $-372.00K | $23.78M | $4.86M |
| Avg Forecast | $24.87M | $20.35M | $15.82M | $15.82M | $18.50M | $15.44M | $13.74M | $11.91M | $17.43M | $20.04M | $13.58M | $67.08M | $15.82M | $16.95M | $10.74M | $71.74M | $25.59M | $2.04M | $-18.72M | $76.73M | $17.19M | $15.81M | $6.32M | $1.47M | $14.54M | $4.05M | $3.92M | $-715.28K | $35.21M | $11.30M |
| High Forecast | $25.67M | $21.00M | $16.34M | $16.34M | $19.09M | $15.93M | $14.19M | $12.32M | $17.99M | $20.69M | $13.59M | $80.50M | $16.34M | $26.64M | $11.09M | $86.09M | $30.71M | $2.04M | $-18.72M | $92.08M | $17.19M | $15.81M | $6.32M | $1.76M | $14.54M | $4.05M | $3.92M | $-572.22K | $35.21M | $11.30M |
| Low Forecast | $24.42M | $19.98M | $15.54M | $15.54M | $18.16M | $15.16M | $13.50M | $11.50M | $17.11M | $19.68M | $13.57M | $53.66M | $15.54M | $14.53M | $10.55M | $57.40M | $20.47M | $2.04M | $-18.72M | $61.39M | $17.19M | $15.81M | $6.32M | $1.17M | $14.54M | $4.05M | $3.92M | $-858.33K | $35.21M | $11.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.56% | 0.24% | 1.00% | 0.09% | 0.44% | 7.96% | 0.38% | 0.97% | 1.66% | 0.73% | 0.54% | 0.74% | 0.91% | 0.27% | 0.20% | 0.52% | 0.68% | 0.43% |
Independence Realty Trust's average Quarter net income forecast for Dec 23 is $15.82M, with a range of $15.54M to $16.34M. IRT's average Quarter net income forecast represents a 296.99% increase compared to the company's last Quarter net income of $3.99M (Sep 23).
Independence Realty Trust SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.66M | $5.91M | $8.15M | $5.74M | $5.63M | $6.97M | $7.93M | $4.44M | $3.98M | $4.24M | $5.94M | $3.23M | $2.91M | $3.57M | $5.38M | $2.99M | $3.11M |
| Avg Forecast | $10.08M | $10.12M | $9.91M | $9.76M | $9.76M | $9.75M | $9.54M | $9.36M | $9.26M | $9.08M | $9.19M | $7.13M | $9.49M | $9.49M | $9.40M | $7.62M | $3.97M | $9.11M | $8.65M | $8.15M | $3.49M | $3.35M | $3.17M | $8.02M | $3.08M | $2.96M | $2.93M | $10.34M | $2.96M | $2.95M |
| High Forecast | $10.33M | $10.37M | $10.16M | $10.01M | $10.00M | $9.99M | $9.78M | $9.60M | $9.40M | $9.12M | $9.19M | $8.55M | $9.57M | $9.58M | $9.63M | $9.15M | $4.77M | $9.11M | $8.65M | $9.79M | $3.49M | $3.35M | $3.17M | $9.63M | $3.08M | $2.96M | $2.93M | $12.40M | $2.96M | $2.95M |
| Low Forecast | $9.94M | $9.98M | $9.77M | $9.63M | $9.63M | $9.61M | $9.41M | $9.24M | $9.12M | $9.05M | $9.19M | $5.70M | $9.44M | $9.37M | $9.27M | $6.10M | $3.18M | $9.11M | $8.65M | $6.52M | $3.49M | $3.35M | $3.17M | $6.42M | $3.08M | $2.96M | $2.93M | $8.27M | $2.96M | $2.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.39% | 0.63% | 1.07% | 1.44% | 0.62% | 0.81% | 0.97% | 1.27% | 1.19% | 1.34% | 0.74% | 1.05% | 0.98% | 1.22% | 0.52% | 1.01% | 1.06% |
Independence Realty Trust's average Quarter SG&A projection for Dec 23 is $9.49M, based on 3 Wall Street analysts, with a range of $9.44M to $9.57M. The forecast indicates a 159.19% rise compared to IRT last annual SG&A of $3.66M (Sep 23).
Independence Realty Trust EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.18 | - | $0.05 | $0.03 | $0.05 | $0.07 | $-0.03 | $0.34 | $0.23 | $0.11 | $0.03 | $0.01 | $0.14 | $0.01 | $0.01 | - | $0.26 | $0.05 |
| Avg Forecast | $0.11 | $0.09 | $0.07 | $0.07 | $0.08 | $0.07 | $0.06 | $0.05 | $0.08 | $0.09 | $0.06 | $0.08 | $0.07 | $0.07 | $0.05 | $0.05 | $0.07 | $0.01 | $-0.08 | $0.35 | $0.08 | $0.07 | $0.03 | $0.02 | $0.06 | $0.02 | $0.02 | $0.03 | $0.16 | $0.05 |
| High Forecast | $0.11 | $0.09 | $0.07 | $0.07 | $0.08 | $0.07 | $0.06 | $0.05 | $0.08 | $0.09 | $0.06 | $0.08 | $0.07 | $0.12 | $0.05 | $0.05 | $0.07 | $0.01 | $-0.08 | $0.35 | $0.08 | $0.07 | $0.03 | $0.02 | $0.06 | $0.02 | $0.02 | $0.03 | $0.16 | $0.05 |
| Low Forecast | $0.11 | $0.09 | $0.07 | $0.07 | $0.08 | $0.07 | $0.06 | $0.05 | $0.08 | $0.09 | $0.06 | $0.08 | $0.07 | $0.06 | $0.05 | $0.05 | $0.07 | $0.01 | $-0.08 | $0.35 | $0.08 | $0.07 | $0.03 | $0.02 | $0.06 | $0.02 | $0.02 | $0.03 | $0.16 | $0.05 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.57% | - | 1.05% | 0.54% | 0.71% | 7.75% | 0.39% | 0.98% | 3.02% | 1.57% | 1.07% | 0.47% | 2.17% | 0.56% | 0.58% | - | 1.66% | 1.00% |
According to 8 Wall Street analysts, Independence Realty Trust's projected average Quarter EPS for Sep 23 is $0.07, with a low estimate of $0.06 and a high estimate of $0.12. This represents a 50.00% increase compared to IRT previous annual EPS of $0.05 (Jun 23).
Independence Realty Trust Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ELME | Elme Communities | $15.74 | $19.00 | 20.71% | Hold |
| BRT | BRT Apartments | $19.76 | $21.00 | 6.28% | Buy |
| UDR | UDR | $44.34 | $46.21 | 4.22% | Buy |
| ELS | Equity LifeStyle Properties | $70.67 | $73.29 | 3.71% | Buy |
| CSR | Centerspace | $72.55 | $72.75 | 0.28% | Hold |
| NXRT | NexPoint Residential Trust | $45.77 | $44.67 | -2.40% | Buy |
| IRT | Independence Realty Trust | $21.35 | $19.33 | -9.46% | Buy |
| VRE | Veris Residential | $18.25 | $14.00 | -23.29% | Buy |