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 0.42% upside from IRT’s last price of $19.25) 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 0.42% upside from IRT's last price of $19.25.
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% | 9.09% |
| May 24, 2024 | Amanda Sweitzer | Robert W. Baird | $18.00 | $16.57 | 8.60% | -6.49% |
| May 08, 2023 | Aaron Hecht | JMP Securities | $20.00 | $17.00 | 17.65% | 3.90% |
| Jan 11, 2023 | - | BTIG | $21.00 | $17.27 | 21.63% | 9.09% |
| Jan 03, 2023 | - | Jefferies | $17.00 | $16.86 | 0.83% | -11.69% |
| Jun 30, 2022 | - | Jefferies | $24.00 | $20.73 | 15.77% | 24.68% |
| Apr 22, 2022 | - | Jefferies | $32.00 | $28.11 | 13.83% | 66.23% |
| Sep 28, 2021 | Craig Kucera | B.Riley Financial | $19.00 | $20.36 | -6.68% | -1.30% |
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 9.09% increase from IRT last price ($19.25).
Independence Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $21.00 | $19.50 |
| Last Closing Price | $19.25 | $19.25 | $19.25 |
| Upside/Downside | -100.00% | 9.09% | 1.30% |
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 $19.25. 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 | $170.49M | $170.09M | $166.41M | $163.59M | $161.34M | $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 | $179.59M | $180.26M | $176.58M | $174.00M | $172.89M | $172.48M | $168.75M | $165.88M | $163.78M | $160.31M | $161.48M | $161.45M | $168.15M | $168.28M | $167.50M | $163.66M | $166.18M | $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 | $175.32M | $171.74M | $169.23M | $168.15M | $167.76M | $164.12M | $161.34M | $158.91M | $158.94M | $161.48M | $161.45M | $165.90M | $164.57M | $162.91M | $159.18M | $161.63M | $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 | $92.75M | $93.10M | $91.20M | $89.86M | $89.29M | $89.08M | $87.15M | $85.67M | $84.50M | $83.60M | $84.57M | $155.84M | $87.31M | $87.33M | $86.51M | $84.53M | $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 | $94.06M | $94.40M | $92.48M | $91.13M | $90.54M | $90.33M | $88.38M | $86.88M | $85.78M | $83.96M | $84.57M | $187.00M | $88.07M | $88.13M | $87.72M | $85.71M | $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 | $91.48M | $91.82M | $89.95M | $88.63M | $88.06M | $87.86M | $85.96M | $84.50M | $83.22M | $83.24M | $84.57M | $124.67M | $86.89M | $86.19M | $85.32M | $83.37M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.84% | 1.02% | 1.03% | 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 | $25.38M | $20.77M | $16.15M | $16.15M | $19.80M | $16.68M | $14.49M | $12.62M | $17.90M | $20.46M | $13.87M | $67.08M | $16.15M | $17.31M | $10.96M | $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 | $25.85M | $21.15M | $16.45M | $16.45M | $20.16M | $16.98M | $14.75M | $13.05M | $18.23M | $20.83M | $13.88M | $80.50M | $16.45M | $27.20M | $11.16M | $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 | $24.93M | $20.40M | $15.87M | $15.87M | $19.45M | $16.38M | $14.23M | $12.18M | $17.58M | $20.09M | $13.86M | $53.66M | $15.87M | $14.83M | $10.77M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | -2.51% | 0.23% | 0.98% | 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 $16.15M, with a range of $15.87M to $16.45M. IRT's average Quarter net income forecast represents a 305.25% 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 | $9.70M | $9.68M | $9.47M | $9.31M | $9.18M | $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 | $10.22M | $10.26M | $10.05M | $9.90M | $9.84M | $9.82M | $9.60M | $9.44M | $9.32M | $9.12M | $9.19M | $8.55M | $9.57M | $9.58M | $9.53M | $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 | $9.57M | $9.55M | $9.34M | $9.18M | $9.04M | $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 | $0.09 | $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 | $0.09 | $0.07 | $0.06 | $0.06 | $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 |
|---|---|---|---|---|---|
| BRT | BRT Apartments | $16.28 | $21.00 | 28.99% | Buy |
| ELME | Elme Communities | $16.70 | $19.00 | 13.77% | Hold |
| UDR | UDR | $42.07 | $46.21 | 9.84% | Buy |
| NXRT | NexPoint Residential Trust | $41.19 | $44.67 | 8.45% | Buy |
| CSR | Centerspace | $68.51 | $72.75 | 6.19% | Hold |
| ELS | Equity LifeStyle Properties | $69.42 | $73.29 | 5.57% | Buy |
| IRT | Independence Realty Trust | $19.25 | $19.33 | 0.42% | Buy |
| VRE | Veris Residential | $16.48 | $14.00 | -15.05% | Buy |
IRT Forecast FAQ
Is Independence Realty Trust a good buy?
Yes, according to 7 Wall Street analysts, Independence Realty Trust (IRT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 100.00% of IRT's total ratings.
What is IRT's price target?
Independence Realty Trust (IRT) average price target is $19.33 with a range of $17 to $21, implying a 0.42% from its last price of $19.25. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Independence Realty Trust stock go up soon?
According to Wall Street analysts' prediction for IRT stock, the company can go up by 0.42% (from the last price of $19.25 to the average price target of $19.33), up by 9.09% based on the highest stock price target, and down by -11.69% based on the lowest stock price target.
Can Independence Realty Trust stock reach $30?
IRT's average twelve months analyst stock price target of $19.33 does not support the claim that Independence Realty Trust can reach $30 in the near future.
What are Independence Realty Trust's analysts' financial forecasts?
Independence Realty Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $670.58M (high $680M, low $661.37M), average EBITDA is $351.2M (high $356.13M, low $346.38M), average net income is $63.59M (high $64.95M, low $62.24M), average SG&A $38.16M (high $38.7M, low $37.64M), and average EPS is $0.276 (high $0.281, low $0.27). IRT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $700.58M (high $710.42M, low $690.97M), average EBITDA is $366.91M (high $372.07M, low $361.88M), average net income is $78.46M (high $79.89M, low $77.06M), average SG&A $39.87M (high $40.43M, low $39.32M), and average EPS is $0.34 (high $0.346, low $0.334).
Did the IRT's actual financial results beat the analysts' financial forecasts?
Based on Independence Realty Trust's last annual report (Dec 2023), the company's revenue was $660.98M, beating the average analysts forecast of $660.02M by 0.15%. Apple's EBITDA was $366.81M, beating the average prediction of $345.67M by 6.12%. The company's net income was $-17.227M, missing the average estimation of $116.17M by -114.83%. Apple's SG&A was $0, missing the average forecast of $36M by -100.00%. Lastly, the company's EPS was $-0.0768, missing the average prediction of $0.244 by -131.41%. In terms of the last quarterly report (Dec 2023), Independence Realty Trust's revenue was $167.05M, beating the average analysts' forecast of $166.7M by 0.21%. The company's EBITDA was $95.64M, beating the average prediction of $87.31M by 9.55%. Independence Realty Trust's net income was $-40.515M, missing the average estimation of $16.15M by -350.81%. The company's SG&A was $0, missing the average forecast of $9.49M by -100.00%. Lastly, the company's EPS was $-0.18, missing the average prediction of $0.07 by -357.14%