INDEPENDENCE REALTY TRUST IN (IRT) Forecast, Price Target & Analyst Ratings

NYSE:IRT • US45378A1060

Current stock price

14.81 USD
+0.05 (+0.34%)
At close:
14.81 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for INDEPENDENCE REALTY TRUST IN (IRT).

Forecast Snapshot

Consensus Price Target

Price Target
$19.93
+ 34.55% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
$0.04
Revenue Estimate
168.58M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$19.93
Upside
+ 34.55%
From current price of $14.81 to mean target of $19.93, Based on 18 analyst forecasts
Low
$18.18
Median
$19.38
High
$23.10

Price Target Revisions

1 Month
-1.44%
3 Months
-4.16%

Price Target Summary

18 Wall Street analysts provided a forecast for the next 12 months for IRT. The average price target is 19.93 USD. This implies a price increase of 34.55% is expected in the next year compared to the current price of 14.81.
The average price target has been revised downward by 4.16% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

IRT Current Analyst RatingIRT Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

IRT Historical Analyst RatingsIRT Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
IRT was analyzed by 18 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about IRT.
In the previous month the buy percentage consensus was at a similar level.
IRT was analyzed by 18 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-06BarclaysMaintains Equal-Weight -> Equal-Weight
2026-03-05Wells FargoMaintains Overweight -> Overweight
2026-02-18CitigroupMaintains Neutral -> Neutral
2026-01-09BMO CapitalUpgrade Market Perform -> Outperform
2026-01-08UBSMaintains Buy -> Buy
2025-12-04Colliers SecuritiesDowngrade Buy -> Neutral
2025-12-04KeybancMaintains Overweight -> Overweight
2025-11-25BarclaysMaintains Equal-Weight -> Equal-Weight
2025-11-10UBSMaintains Buy -> Buy
2025-08-27Wells FargoMaintains Overweight -> Overweight
2025-08-12BarclaysMaintains Equal-Weight -> Equal-Weight
2025-08-01Compass PointUpgrade Neutral -> Buy
2025-07-15UBSMaintains Buy -> Buy
2025-05-13Compass PointDowngrade Buy -> Neutral
2025-05-09BarclaysMaintains Equal-Weight -> Equal-Weight
2025-05-05JMP SecuritiesReiterate Market Outperform -> Market Outperform
2025-04-11BarclaysMaintains Equal-Weight -> Equal-Weight
2025-04-07UBSInitiate Buy
2025-03-19Wells FargoInitiate Overweight
2025-03-10JefferiesUpgrade Hold -> Buy
2025-02-19BarclaysMaintains Equal-Weight -> Equal-Weight
2025-02-14JMP SecuritiesMaintains Market Outperform -> Market Outperform
2025-02-11JMP SecuritiesReiterate Market Outperform -> Market Outperform
2025-01-24BarclaysMaintains Equal-Weight -> Equal-Weight
2024-12-17BarclaysInitiate Equal-Weight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
$0.04
Revenue Estimate
168.58M
Revenue Q2Q
4.55%
EPS Q2Q
4.61%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
0.18%
Revenue (3 Months)
-2.46%
EPS (1 Month)
24.30%
EPS (3 Months)
-11.23%

Next Earnings Summary

IRT is expected to report earnings on 4/28/2026. The consensus EPS estimate for the next earnings is 0.04 USD and the consensus revenue estimate is 168.58M USD.
The next earnings revenue estimate has been revised downward by 2.46% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2029

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029
Revenue
YoY % growth
IRT revenue by date.IRT revenue by date.
660.983M
5.17%		640.035M
-3.17%		657.696M
2.76%		689.99M
4.91%		713.31M
3.38%		607.98M
-14.77%		780.63M
28.40%
EBITDA
YoY % growth
IRT ebitda by date.IRT ebitda by date.
366.806M
6.04%		350.279M
-4.51%		364.466M
4.05%		382.01M
4.81%		394.45M
3.26%		405.04M
2.68%		426.42M
5.28%
EBIT
YoY % growth
IRT ebit by date.IRT ebit by date.
147.838M
58.79%		129.425M
-12.45%		121.225M
-6.34%		127.23M
4.95%		141.04M
10.85%		155.71M
10.40%		N/A
Operating Margin
IRT operating margin by date.IRT operating margin by date.
22.37%20.22%18.43%18.44%19.77%25.61%N/A
EPS
YoY % growth
IRT eps by date.IRT eps by date.
-0.07
-113.21%		0.18
351.43%		0.20
13.64%		0.21
4.61%		0.27
29.38%		0.38
41.79%		N/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.04
4.61%		0.05
73.15%		0.05
633.89%		0.08
-46.41%		0.03
-35.63%		0.05
-9.26%		0.07
26.13%		0.08
12.17%		0.05
87.48%		0.09
92.84%		0.10
49.99%		0.13
56.01%
Revenue
Q2Q % growth		168.58M
4.55%		170.63M
5.40%		173.49M
3.96%		174.38M
4.47%		172.03M
2.05%		176.08M
3.19%		178.64M
2.97%		179.54M
2.96%		104.16M
-39.45%		106.09M
-39.75%		108.05M
-39.52%		115.51M
-35.66%
EBITDA
Q2Q % growth		91.232M
6.40%		92.872M
-36.51%		95.357M
-54.84%		100.87M
-63.82%		93.422M
2.40%		95.914M
3.28%		98.534M
3.33%		103.6M
2.71%		96.798M
3.61%		99.187M
3.41%		102.19M
3.71%		109.57M
5.76%
EBIT
Q2Q % growth		27.34M
1.17%		29.493M
6.24%		32.161M
4.05%		38.21M
7.53%		31.487M
15.17%		35.239M
19.48%		37.825M
17.61%		43.677M
14.31%		35.118M
11.53%		40.238M
14.19%		43.198M
14.20%		50.955M
16.66%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

IRT Yearly Revenue VS EstimatesIRT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M
IRT Yearly EPS VS EstimatesIRT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4 0.6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
24.27%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-3.01%
Revenue Next 5 Year
4.04%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
50.03%
EBIT Next 5 Year
37.32%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

INDEPENDENCE REALTY TRUST IN / IRT Forecast FAQ

What is the price target for IRT stock?

18 analysts have analysed IRT and the average price target is 19.93 USD. This implies a price increase of 34.55% is expected in the next year compared to the current price of 14.81.

What is the next earnings date for IRT stock?

INDEPENDENCE REALTY TRUST IN (IRT) will report earnings on 2026-04-28.

Can you provide the consensus estimates for INDEPENDENCE REALTY TRUST IN next earnings?

The consensus EPS estimate for the next earnings of INDEPENDENCE REALTY TRUST IN (IRT) is 0.04 USD and the consensus revenue estimate is 168.58M USD.

Can you provide the analyst count for INDEPENDENCE REALTY TRUST IN stock?

The number of analysts covering INDEPENDENCE REALTY TRUST IN (IRT) is 18.