$19.07
2.80% day before yesterday
NYSE, Nov 01, 09:00 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
18%
Sell
9%

Independence Realty Trust, Inc. Price Target

Target Price $21.05
Price $19.06
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 $21.05. 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 $ 660.98 640.41
5.16% 3.11%
EBITDA Margin 55.00% 54.48%
0.73% 0.95%
Net Margin -2.72% 9.38%
114.35% 444.31%

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

$640m
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. This is
0.88% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$646m 0.00%
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, the lowest is
$636m 1.61%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $661m 5.16%
2024
$640m 3.11%
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2025
$670m 4.55%
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2026
$714m 6.66%
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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
0.58% 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 4.04%
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2025
$372m 6.66%
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2026
$395m 6.28%
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2027
$417m 5.37%
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EBITDA Margin

2023 55.00% 0.73%
2024
54.48% 0.95%
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2025
55.58% 2.02%
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2026
55.38% 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 0.27
115.09% 437.50%
P/E 71.42
EV/Sales 10.75

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

10.75
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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 10.65 26.79%
2024
10.75 0.90%
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2025
10.28 4.35%
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2026
9.64 6.25%
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P/S ratio

Current 6.98 65.17%
2024
7.04 0.89%
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2025
6.74 4.35%
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2026
6.32 6.25%
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