$19.71
1.74% day before yesterday
NYSE, Sep 06, 10:10 pm CET
ISIN
US45378A1060
Symbol
IRT
Sector
Industry

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

Independence Realty Trust, Inc. Classifications & Recommendation:

Buy
73%
Hold
18%
Sell
9%

Independence Realty Trust, Inc. Price Target

Target Price $19.95
Price $19.71
Potential
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 $19.95. This is higher 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, 2 to hold and 1 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 $ 660.98 642.84
5.16% 2.74%
EBITDA Margin 55.00% 54.29%
0.73% 1.30%
Net Margin -2.72% 10.23%
114.35% 475.46%

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

$643m
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. This is
1.79% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$654m 0.12%
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, the lowest is
$637m 2.76%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $661m 5.16%
2024
$643m 2.74%
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2025
$662m 2.93%
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2026
$701m 5.91%
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7 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
2.25% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$353m 1.23%
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, the lowest is
$345m 3.26%
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.

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

EBITDA Estimates

2023 $364m 5.93%
2024
$349m 4.01%
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2025
$366m 4.98%
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2026
$379m 3.34%
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2027
$400m 5.74%
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EBITDA Margin

2023 55.00% 0.73%
2024
54.29% 1.30%
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2025
55.37% 1.99%
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2026
54.03% 2.42%
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5 Independence Realty Trust, Inc. Analysts have issued a net profit forecast 2024. The average Independence Realty Trust, Inc. net profit estimate is

$65.7m
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. This is
830.06% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$83.3m 1,024.95%
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, the lowest is
$56.3m 725.00%
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.

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

Net Profit Estimates

2023 $-18.0m 115.09%
2024
$65.7m 465.03%
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2025
$70.2m 6.85%
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2026
$83.3m 18.58%
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Net Margin

2023 -2.72% 114.35%
2024
10.23% 475.46%
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2025
10.62% 3.81%
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2026
11.89% 11.96%
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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 0.29
115.09% 462.50%
P/E 67.50
EV/Sales 10.47

5 Analysts have issued a Independence Realty Trust, Inc. forecast for earnings per share. The average Independence Realty Trust, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.29
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. This is
825.00% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.37 1,025.00%
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, the lowest is
$0.25 725.00%
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.

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

Earnings Per Share

2023 $-0.08 115.09%
2024
$0.29 462.50%
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2025
$0.31 6.90%
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2026
$0.37 19.35%
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P/E ratio

Current -505.38 1,377.18%
2024
67.50 113.36%
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2025
63.17 6.41%
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2026
53.27 15.67%
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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

10.47
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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 10.28 3.52%
2024
10.47 1.84%
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2025
10.17 2.84%
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2026
9.60 5.58%
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P/S ratio

Current 6.78 17.89%
2024
6.90 1.83%
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2025
6.71 2.85%
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2026
6.33 5.58%
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