Independence Realty Trust Inc
NYSE:IRT

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Independence Realty Trust Inc
NYSE:IRT
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Price: 20.36 USD 0.2% Market Closed
Market Cap: 4.6B USD
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Wall Street
Price Targets

IRT Price Targets Summary
Independence Realty Trust Inc

Wall Street analysts forecast IRT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for IRT is 21.84 USD with a low forecast of 20.2 USD and a high forecast of 23.1 USD.

Lowest
Price Target
20.2 USD
1% Downside
Average
Price Target
21.84 USD
7% Upside
Highest
Price Target
23.1 USD
13% Upside

IRT Last Price Targets
Independence Realty Trust Inc

The latest public price target was made on Oct 1, 2024 by Brad Heffern from RBC Capital , who expects IRT stock to rise by 3% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Brad Heffern
RBC Capital
21 USD
Upside 3%
2 months ago
Oct 1, 2024
Independence Realty Trust price target raised to $21 from $20 at RBC Capital
TheFly
Amanda Sweitzer
Robert W. Baird
18 USD
Downside 12%
7 months ago
May 24, 2024
Independence Realty Trust (IRT) PT Raised to $18 at Baird
StreetInsider
Aaron Hecht
JMP Securities
20 USD
Downside 2%
1 year ago
May 8, 2023
IRT Reaffirms 2023 Outlook, Analyst Expects Growth To Continue With Sunbelt Portfolio Demand Drivers
Benzinga
Brad Heffern
RBC Capital
Price Target 21 USD
Upside/Downside 3%
View Source
Amanda Sweitzer
Robert W. Baird
Price Target 18 USD
Upside/Downside 12%
View Source
Aaron Hecht
JMP Securities
Price Target 20 USD
Upside/Downside 2%
View Source
Independence Realty Trust Inc Competitors:
Price Targets
PRSR
PRS Reit PLC
0% Upside
MAA
Mid-America Apartment Communities Inc
8% Upside
3269
Advance Residence Investment Corp
20% Upside
CAR.UN
Canadian Apartment Properties Real Estate Investment Trust
33% Upside
EQR
Equity Residential
11% Upside
UMH
UMH Properties Inc
17% Upside
BEI.UN
Boardwalk Real Estate Investment Trust
37% Upside
KMP.UN
Killam Apartment REIT
36% Upside

Revenue
Forecast

Revenue Estimate
Independence Realty Trust Inc

For the last 8 years the compound annual growth rate for Independence Realty Trust Inc's revenue is 25%. The projected CAGR for the next 3 years is 3%.

25%
Past Growth
3%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Independence Realty Trust Inc

For the last 8 years the compound annual growth rate for Independence Realty Trust Inc's operating income is 26%. The projected CAGR for the next 3 years is 5%.

26%
Past Growth
5%
Estimated Growth
Estimates Accuracy
1%
Average Beat

Net Income
Forecast

Net Income Estimate
Independence Realty Trust Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
-34%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is IRT's stock price target?
Price Target
21.84 USD

According to Wall Street analysts, the average 1-year price target for IRT is 21.84 USD with a low forecast of 20.2 USD and a high forecast of 23.1 USD.

What is Independence Realty Trust Inc's Revenue forecast?
Projected CAGR
3%

For the last 8 years the compound annual growth rate for Independence Realty Trust Inc's revenue is 25%. The projected CAGR for the next 3 years is 3%.

What is Independence Realty Trust Inc's Operating Income forecast?
Projected CAGR
5%

For the last 8 years the compound annual growth rate for Independence Realty Trust Inc's operating income is 26%. The projected CAGR for the next 3 years is 5%.

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