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Independence Realty Trust (IRT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

IRT Stock Forecast

Independence Realty Trust (IRT) stock forecast, based on 21 Wall Street analysts, predicts a 12-month average price target of $19.33, with a high of $21.00 and a low of $17.00. This represents a 0.94% increase from the last price of $19.15.

$14 $15 $16 $17 $18 $19 $20 $21 $22 High: $21 Avg: $19.33 Low: $17 Last Closed Price: $19.15

IRT Stock Rating

Independence Realty Trust stock's rating consensus is Buy, based on 21 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 16 Buy (76.19%), 5 Hold (23.81%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 21 5 16 0 Strong Sell Sell Hold Buy Strong Buy

IRT Price Target Upside V Benchmarks

TypeNameUpside
StockIndependence Realty Trust0.94%
SectorReal Estate Stocks 20.09%
IndustryResidential REIT Stocks 12.24%

Price Target Trends

1M3M12M
# Anlaysts--2
Avg Price Target--$19.50
Last Closing Price$19.15$19.15$19.15
Upside/Downside--1.83%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25373--13
Mar, 25354--12
Feb, 25354--12
Jan, 25354--12
Dec, 24354--12
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 01, 2024Brad HeffernRBC Capital$21.00$20.502.44%9.66%
May 24, 2024Amanda SweitzerRobert W. Baird$18.00$16.588.56%-6.01%
May 08, 2023Aaron HechtJMP Securities$20.00$17.0017.65%4.44%
Jan 11, 2023BTIG$21.00$17.2721.60%9.66%
Jan 03, 2023Jefferies$17.00$16.860.83%-11.23%
Jun 30, 2022Jefferies$24.00$20.7315.77%25.33%
Apr 22, 2022Jefferies$32.00$28.1113.84%67.10%
Sep 28, 2021Craig KuceraB.Riley Financial$19.00$20.36-6.68%-0.78%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Mar 09, 2025JefferiesBuyBuyupgrade
Oct 01, 2024RBC CapitalOutperformOutperformhold
Sep 10, 2024Deutsche BankBuyBuyhold
Sep 09, 2024JMP SecuritiesOutperformOutperformhold
Sep 06, 2024KeyBancOverweightOverweighthold
Aug 12, 2024BTIGBuyBuyhold
Aug 02, 2024Compass PointBuyBuyhold
Nov 01, 2023RBC CapitalOutperformOutperformhold
May 08, 2023JMP SecuritiesMarket Outperformupgrade
Jan 11, 2023BTIGBuyBuyhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-0.23$0.08$0.15$-0.08$0.18---
Avg Forecast$0.08$0.23$0.44$0.19$0.24$0.26$0.34$0.41
High Forecast$0.08$0.24$0.45$0.20$0.24$0.27$0.35$0.42
Low Forecast$0.08$0.23$0.43$0.19$0.23$0.26$0.32$0.39
Surprise %-387.50%-65.22%-65.91%-142.11%-25.00%---

Revenue Forecast

$200M $320M $440M $560M $680M $800M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$211.91M$250.25M$628.52M$660.98M$640.03M---
Avg Forecast$210.72M$234.59M$629.08M$660.36M$642.43M$675.73M$703.46M$764.80M
High Forecast$213.71M$237.92M$639.84M$661.83M$658.11M$685.18M$703.48M$783.47M
Low Forecast$207.56M$231.07M$618.69M$659.53M$623.88M$666.28M$703.44M$742.71M
Surprise %0.56%6.68%-0.09%0.09%-0.37%---

Net Income Forecast

$-50M $-10M $30M $70M $110M $150M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-21.59M$8.19M$33.70M$-17.23M$40.03M---
Avg Forecast$19.84M$39.56M$89.89M$-17.23M$53.71M$58.72M$79.23M$92.01M
High Forecast$24.10M$47.47M$115.65M$-12.29M$54.97M$59.88M$79.53M$94.93M
Low Forecast$15.59M$31.65M$64.13M$-22.16M$52.45M$57.55M$71.81M$88.56M
Surprise %-208.81%-79.30%-62.51%--25.47%---

IRT Forecast FAQ

Is Independence Realty Trust stock a buy?

Independence Realty Trust stock has a consensus rating of Buy, based on 21 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 16 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Independence Realty Trust is a favorable investment for most analysts.

What is Independence Realty Trust's price target?

Independence Realty Trust's price target, set by 21 Wall Street analysts, averages $19.33 over the next 12 months. The price target range spans from $17 at the low end to $21 at the high end, suggesting a potential 0.94% change from the previous closing price of $19.15.

How does Independence Realty Trust stock forecast compare to its benchmarks?

Independence Realty Trust's stock forecast shows a 0.94% upside, underperforming the average forecast for the real estate stocks sector (20.09%) and underperforming the residential reit stocks industry (12.24%).

What is the breakdown of analyst ratings for Independence Realty Trust over the past three months?

  • April 2025: 23.08% Strong Buy, 53.85% Buy, 23.08% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 25.00% Strong Buy, 41.67% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 25.00% Strong Buy, 41.67% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.

What is Independence Realty Trust’s EPS forecast?

Independence Realty Trust's average annual EPS forecast for its fiscal year ending in December 2025 is $0.26, marking a 44.44% increase from the reported $0.18 in 2024. Estimates for the following years are $0.34 in 2026, and $0.41 in 2027.

What is Independence Realty Trust’s revenue forecast?

Independence Realty Trust's average annual revenue forecast for its fiscal year ending in December 2025 is $675.73M, reflecting a 5.58% increase from the reported $640.04M in 2024. The forecast for 2026 is $703.46M, and $764.8M for 2027.

What is Independence Realty Trust’s net income forecast?

Independence Realty Trust's net income forecast for the fiscal year ending in December 2025 stands at $58.72M, representing an 46.67% increase from the reported $40.03M in 2024. Projections indicate $79.23M in 2026, and $92.01M in 2027.