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Independence Realty Trust Inc
NYSE:IRT

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Independence Realty Trust Inc Logo
Independence Realty Trust Inc
NYSE:IRT
Watchlist
Price: 15.48 USD -0.51% Market Closed
Updated: Apr 18, 2024

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 17.94 USD with a low forecast of 15.15 USD and a high forecast of 22.05 USD.

Lowest
Price Target
15.15 USD
2% Downside
Average
Price Target
17.94 USD
16% Upside
Highest
Price Target
22.05 USD
42% Upside

IRT Last Price Targets
Independence Realty Trust Inc

The latest public price target was made on May 8, 2023 by Aaron Hecht from JMP Securities , who expects IRT stock to rise by 29% over the next 12 months. You can read more about this price target by viewing the article on Benzinga.

Analyst Price Target Date Article
Aaron Hecht
JMP Securities
20 USD
Upside 29%
11 months ago
May 8, 2023
IRT Reaffirms 2023 Outlook, Analyst Expects Growth To Continue With Sunbelt Portfolio Demand Drivers
Benzinga
Aaron Hecht
JMP Securities
Price Target 20 USD
Upside/Downside 29%
View Source
Independence Realty Trust Inc Competitors:
Price Targets
CAR.UN
Canadian Apartment Properties Real Estate Investment Trust
37% Upside
3282
Comforia Residential Reit Inc
9% Upside
MAA
Mid-America Apartment Communities Inc
12% Upside
3226
Nippon Accommodations Fund Inc
2% Downside
IRES
Irish Residential Properties REIT PLC
27% Upside
CPINV
Care Property Invest NV
17% Upside
3278
Kenedix Residential Next Investment Corp
5% Upside
KMP.UN
Killam Apartment REIT
35% 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 2%.

25%
Past Growth
2%
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 4%.

26%
Past Growth
4%
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
17.94 USD

According to Wall Street analysts, the average 1-year price target for IRT is 17.94 USD with a low forecast of 15.15 USD and a high forecast of 22.05 USD.

What is Independence Realty Trust Inc's Revenue forecast?
Projected CAGR
2%

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 2%.

What is Independence Realty Trust Inc's Operating Income forecast?
Projected CAGR
4%

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 4%.