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NYSE: IRT
Independence Realty Trust Inc Stock Forecast, Predictions & Price Target

Analyst price target for IRT

Based on 4 analysts offering 12 month price targets for Independence Realty Trust Inc.
Min Forecast
$15.00+2.95%
Avg Forecast
$16.25+11.53%
Max Forecast
$18.00+23.54%

Should I buy or sell IRT stock?

Based on 4 analysts offering ratings for Independence Realty Trust Inc.
Buy
Strong Buy
1 analysts 25%
Buy
2 analysts 50%
Hold
0 analysts 0%
Sell
1 analysts 25%
Strong Sell
0 analysts 0%

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IRT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-20
lockedlocked$00.00+00.00%2024-02-16
lockedlocked$00.00+00.00%2023-12-15
lockedlocked$00.00+00.00%2023-11-01

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Forecast return on equity

Is IRT forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
20.51%

Forecast return on assets

Is IRT forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

IRT revenue forecast

What is IRT's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$653.0M-0.57%
Avg 2 year Forecast
$687.6M+4.7%
Avg 3 year Forecast
$713.6M+8.66%
IRT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

IRT earnings growth forecast

How is IRT forecast to perform vs REIT - Residential companies and vs the US market?
Company
136.97%
Industry
58.67%
Market
30.89%
IRT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
IRT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
IRT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

IRT revenue growth forecast

How is IRT forecast to perform vs REIT - Residential companies and vs the US market?
Company
2.13%
Industry
3.64%
Market
11.31%
IRT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
IRT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

IRT vs Residential REIT Stocks

TickerPricePrice TargetUp/downsideConsensus
IRT$14.57$16.25+11.53%Buy
AIRC$30.39$35.25+15.99%Buy
VRE$14.71N/AN/A
ELME$12.95$16.00+23.55%Buy
AIV$7.26N/AN/A

Independence Realty Trust Stock Forecast FAQ

Is Independence Realty Trust Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: IRT) stock is to Buy IRT stock.

Out of 4 analysts, 1 (25%) are recommending IRT as a Strong Buy, 2 (50%) are recommending IRT as a Buy, 0 (0%) are recommending IRT as a Hold, 1 (25%) are recommending IRT as a Sell, and 0 (0%) are recommending IRT as a Strong Sell.

If you're new to stock investing, here's how to buy Independence Realty Trust stock.

What is IRT's revenue growth forecast for 2024-2026?

(NYSE: IRT) Independence Realty Trust's forecast annual revenue growth rate of 2.13% is not forecast to beat the US REIT - Residential industry's average forecast revenue growth rate of 3.64%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 11.31%.

Independence Realty Trust's revenue in 2024 is $656,735,000.On average, 3 Wall Street analysts forecast IRT's revenue for 2024 to be $146,735,588,051, with the lowest IRT revenue forecast at $143,692,556,781, and the highest IRT revenue forecast at $151,958,312,374. On average, 3 Wall Street analysts forecast IRT's revenue for 2025 to be $154,515,743,986, with the lowest IRT revenue forecast at $152,848,166,445, and the highest IRT revenue forecast at $155,724,462,432.

In 2026, IRT is forecast to generate $160,350,355,338 in revenue, with the lowest revenue forecast at $158,302,567,421 and the highest revenue forecast at $162,398,367,965.

What is IRT's forecast return on assets (ROA) for 2024-2026?

(NYSE: IRT) forecast ROA is N/A, which is lower than the forecast US REIT - Residential industry average of N/A.

What is IRT's Price Target?

According to 4 Wall Street analysts that have issued a 1 year IRT price target, the average IRT price target is $16.25, with the highest IRT stock price forecast at $18.00 and the lowest IRT stock price forecast at $15.00.

On average, Wall Street analysts predict that Independence Realty Trust's share price could reach $16.25 by Feb 20, 2025. The average Independence Realty Trust stock price prediction forecasts a potential upside of 11.53% from the current IRT share price of $14.57.

What is IRT's forecast return on equity (ROE) for 2024-2026?

(NYSE: IRT) forecast ROE is N/A, which is considered weak.
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