Independence Realty Trust, Inc.IRTNYSE

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Overview News Fundamentals Key Metrics TTM Financials Earnings Growth Rating Analysts Institutional Peers Historical

Analyst Sentiment

Analysts lean bullish — 73% recommend buying.

Consensus Rating

Buy

26 analysts·High coverage

73%

Rating Distribution

Strong Buy

00%

Buy

1973%

Hold

727%

Sell

00%

Strong Sell

00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see moderate upside — consensus target 19% higher.

Bear Case

$18.50

+7%

Consensus

$20.50

+19%

Bull Case

$22.00

+27%

Price Range26 analysts

Low

Consensus

High

$18.50

$22.00

Current Target

Current Price

$17.26

Upside to Target

$3.24

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$0.21(3 analysts)

P/E186x

Current: 185.5x

Actual

Estimate

Range (Low–High)

Stock Alarm Pro

Forward Growth Estimates (YoY)

FY2027

Rev+4.08%

EPS+24.43%

FY2028

Rev+7.69%

EPS+33.25%

Earnings Surprises

Beat rate:17%(2/12 quarters)

Avg surprise:+24.1%

Beat

Miss

Inline

Estimate

Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Jan 9, 2026BMO Capital

Independence Realty upgraded to Outperform from Market Perform at BMO Capital

Target:$22.00

+25.9%from $17.48

Jan 8, 2026UBS

Independence Realty Trust price target raised to $20 from $19 at UBS

Target:$20.00

+15.6%from $17.30

Dec 4, 2025KeyBanc

Independence Realty Trust price target lowered to $21 from $22 at KeyBanc

Target:$21.00

+21.7%from $17.25

Dec 3, 2025Colliers Securities

Independence Realty Trust downgraded to Neutral from Buy at Colliers

Target:$18.50

+7.2%from $17.25

Nov 25, 2025Barclays

Independence Realty Trust price target raised to $21 from $20 at Barclays

Target:$21.00

+25.0%from $16.80

Oct 1, 2024RBC Capital

Independence Realty Trust price target raised to $21 from $20 at RBC Capital

Target:$21.00

+2.4%from $20.50

May 24, 2024Robert W. Baird

Independence Realty Trust (IRT) PT Raised to $18 at Baird

Target:$18.00

+8.6%from $16.57

May 8, 2023JMP Securities

IRT Reaffirms 2023 Outlook, Analyst Expects Growth To Continue With Sunbelt Portfolio Demand Drivers

Target:$20.00

+17.6%from $17.00

Jan 11, 2023BTIG

BTIG Maintains Buy on Independence Realty Trust, Lowers Price Target to $21

Target:$21.00

+21.6%from $17.27

Jan 3, 2023Jefferies

Jefferies Downgrades Independence Realty Trust to Hold, Lowers Price Target to $17

Target:$17.00

+0.8%from $16.86

Jun 30, 2022Jefferies

Jefferies Maintains Buy on Independence Realty Trust, Lowers Price Target to $24

Target:$24.00

+15.8%from $20.73

Apr 22, 2022Jefferies

Jefferies Initiates Coverage On Independence Realty Trust with Buy Rating, Announces Price Target of $32

Target:$32.00

+13.8%from $28.11

Sep 28, 2021B.Riley Financial

Independence Realty Trust (IRT) PT Raised to $19 at B.Riley

Target:$19.00

-6.7%from $20.36

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