Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
19.31
+0.20 (1.05%)
At close: May 12, 2025, 4:00 PM
19.31
0.00 (0.00%)
After-hours: May 12, 2025, 7:00 PM EDT
Independence Realty Trust Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Independence Realty Trust stock have an average target of 22.78, with a low estimate of 21 and a high estimate of 25. The average target predicts an increase of 17.97% from the current stock price of 19.31.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Independence Realty Trust stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 4 | 4 |
| Buy | 5 | 5 | 4 | 3 | 3 | 3 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 8 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $21 → $22 | Hold | Maintains | $21 → $22 | +13.93% | May 9, 2025 |
| JMP Securities | JMP Securities | Buy Reiterates $25 | Buy | Reiterates | $25 | +29.47% | May 5, 2025 |
| Barclays | Barclays | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | +8.75% | Apr 11, 2025 |
| UBS | UBS | Strong Buy Initiates $24 | Strong Buy | Initiates | $24 | +24.29% | Apr 7, 2025 |
| Wells Fargo | Wells Fargo | Buy Initiates $24 | Buy | Initiates | $24 | +24.29% | Mar 19, 2025 |
Financial Forecast
Revenue This Year
679.49M
from 640.38M
Increased by 6.11%
Revenue Next Year
719.09M
from 679.49M
Increased by 5.83%
EPS This Year
0.25
from 0.17
Increased by 47.04%
EPS Next Year
0.31
from 0.25
Increased by 22.37%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 735.8M | 798.5M | 803.8M | |
| Avg | 679.5M | 719.1M | 740.5M | |
| Low | 639.7M | 659.4M | 674.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 14.9% | 17.5% | 11.8% | |
| Avg | 6.1% | 5.8% | 3.0% | |
| Low | -0.1% | -3.0% | -6.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.39 | 0.38 | 0.41 |
| Avg | 0.25 | 0.31 | 0.32 |
| Low | 0.17 | 0.21 | 0.25 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 128.5% | 51.2% | 33.9% |
| Avg | 47.0% | 22.4% | 4.6% |
| Low | -2.0% | -17.7% | -19.9% |
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.