$21.74
0.05% yesterday
NYSE, Nov 25, 10:00 pm CET
ISIN
US45378A1060
Symbol
IRT

Independence Realty Trust, Inc. Target price 2024 - Analyst rating & recommendation

Independence Realty Trust, Inc. Classifications & Recommendation:

Buy
73%
Hold
27%

Independence Realty Trust, Inc. Price Target

Target Price $21.32
Price $21.74
Deviation
Number of Estimates 11
11 Analysts have issued a price target Independence Realty Trust, Inc. 2025 . The average Independence Realty Trust, Inc. target price is $21.32. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 8 Analysts recommend Independence Realty Trust, Inc. to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Independence Realty Trust, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Independence Realty Trust, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 660.98 641.88
5.16% 2.89%
EBITDA Margin 55.00% 54.41%
0.73% 1.08%
Net Margin -2.72% 9.20%
114.35% 437.70%

8 Analysts have issued a sales forecast Independence Realty Trust, Inc. 2024 . The average Independence Realty Trust, Inc. sales estimate is

$642m
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. This is
0.66% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$651m 0.73%
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, the lowest is
$639m 1.12%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $661m 5.16%
2024
$642m 2.89%
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2025
$674m 4.99%
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2026
$717m 6.46%
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8 Analysts have issued an Independence Realty Trust, Inc. EBITDA forecast 2024. The average Independence Realty Trust, Inc. EBITDA estimate is

$349m
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. This is
0.47% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$354m 0.88%
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, the lowest is
$345m 1.58%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $364m 5.93%
2024
$349m 3.94%
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2025
$373m 6.75%
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2026
$395m 6.08%
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2027
$417m 5.37%
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EBITDA Margin

2023 55.00% 0.73%
2024
54.41% 1.08%
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2025
55.32% 1.67%
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2026
55.12% 0.36%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -0.08 0.26
115.09% 425.00%
P/E 82.90
EV/Sales 11.32

Based on analysts' sales estimates for 2024, the Independence Realty Trust, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

11.32
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 11.25 27.55%
2024
11.32 0.65%
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2025
10.78 4.75%
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2026
10.13 6.07%
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P/S ratio

Current 7.57 64.21%
2024
7.62 0.66%
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2025
7.26 4.75%
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2026
6.82 6.07%
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