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 $21.00 (represents a 11.41% upside from IRT’s last price of $18.85) 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 $21.00 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 $21.00. This represents a potential 11.41% upside from IRT's last price of $18.85.
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% | 11.41% |
| May 24, 2024 | Amanda Sweitzer | Robert W. Baird | $18.00 | $16.57 | 8.60% | -4.51% |
| May 08, 2023 | Aaron Hecht | JMP Securities | $20.00 | $17.00 | 17.65% | 6.10% |
| Jan 11, 2023 | BTIG | $21.00 | $17.27 | 21.63% | 11.41% | |
| Jan 03, 2023 | Jefferies | $17.00 | $16.86 | 0.83% | -9.81% | |
| Jun 30, 2022 | Jefferies | $24.00 | $20.73 | 15.77% | 27.32% | |
| Apr 22, 2022 | Jefferies | $32.00 | $28.11 | 13.83% | 69.76% | |
| Sep 28, 2021 | Craig Kucera | B.Riley Financial | $19.00 | $20.36 | -6.68% | 0.80% |
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 11.41% increase from IRT last price ($18.85).
Independence Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $19.50 |
| Last Closing Price | $18.85 | $18.85 | $18.85 |
| Upside/Downside | -100.00% | -100.00% | 3.45% |
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 $18.85. This month's average price target is down NaN% 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 |
| Apr 26, 2022 | Compass Point | Buy | Upgrade |
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 | $174.80M | $176.38M | $171.75M | $169.36M | $170.38M | $170.77M | $167.50M | $164.66M | $163.27M | $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 | $177.27M | $178.87M | $174.18M | $171.75M | $172.79M | $173.19M | $169.87M | $166.99M | $165.58M | $160.31M | $161.48M | $161.45M | $168.15M | $168.28M | $167.52M | $163.67M | $168.41M | $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 | $171.93M | $173.48M | $168.93M | $166.58M | $167.59M | $167.97M | $164.75M | $161.96M | $160.60M | $158.94M | $161.48M | $161.45M | $165.90M | $164.57M | $162.47M | $158.75M | $161.06M | $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 | 4 | 2 | 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 | 4 | 2 | 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 | $91.90M | $92.73M | $90.30M | $89.04M | $89.58M | $89.79M | $88.07M | $86.57M | $85.84M | $83.93M | $84.90M | $155.84M | $87.65M | $87.67M | $86.85M | $84.86M | $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 | $93.20M | $94.04M | $91.58M | $90.30M | $90.85M | $91.06M | $89.31M | $87.80M | $87.06M | $84.29M | $84.90M | $187.00M | $88.41M | $88.47M | $88.07M | $86.05M | $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 | $90.40M | $91.21M | $88.82M | $87.58M | $88.11M | $88.31M | $86.62M | $85.15M | $84.44M | $83.57M | $84.90M | $124.67M | $87.23M | $86.53M | $85.42M | $83.46M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.83% | 1.01% | 1.02% | 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 | 4 | 2 | 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 | $24.28M | $20.25M | $16.41M | $14.75M | $17.67M | $15.15M | $12.83M | $12.17M | $14.26M | $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 | $24.72M | $20.62M | $16.71M | $15.02M | $17.99M | $15.43M | $13.07M | $12.61M | $14.53M | $20.41M | $13.59M | $80.50M | $16.11M | $26.64M | $10.94M | $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 | $23.76M | $19.81M | $16.06M | $14.44M | $17.29M | $14.83M | $12.56M | $11.74M | $13.82M | $19.61M | $13.57M | $53.66M | $15.49M | $14.53M | $10.51M | $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 $15.49M to $16.11M. 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 | 4 | 2 | 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 | $9.95M | $10.04M | $9.77M | $9.64M | $9.70M | $9.72M | $9.53M | $9.37M | $9.29M | $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 | $10.09M | $10.18M | $9.91M | $9.77M | $9.83M | $9.86M | $9.67M | $9.50M | $9.42M | $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 | $9.78M | $9.87M | $9.61M | $9.48M | $9.54M | $9.56M | $9.38M | $9.22M | $9.14M | $9.05M | $9.19M | $5.70M | $9.44M | $9.37M | $9.25M | $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 | 4 | 2 | 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 | $0.06 | $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 | $0.06 | $0.06 | $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 | $0.06 | $0.08 | $0.07 | $0.06 | $0.05 | $0.06 | $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 | $14.88 | $19.00 | 27.69% | Hold |
| NXRT | NexPoint Residential Trust | $38.78 | $48.00 | 23.78% | Buy |
| BRT | BRT Apartments | $17.14 | $21.00 | 22.52% | Buy |
| CSR | Centerspace | $60.70 | $71.67 | 18.07% | Hold |
| ELS | Equity LifeStyle Properties | $65.26 | $73.50 | 12.63% | Buy |
| IRT | Independence Realty Trust | $18.85 | $21.00 | 11.41% | Buy |
| UDR | UDR | $40.79 | $44.25 | 8.48% | Buy |
| VRE | Veris Residential | $15.69 | $14.00 | -10.77% | Buy |