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Independence Realty (IRT): analyst forecast and price target

$14.77 +0.48% close 16.10.26 · market cap $3.5B · Realestate · REIT - Residential IWM 0.12%
Price targets and ratings of

Analyst consensus

Strong Buy

7 Buy2 Hold0 Sell

Ratings of 9 analysts in the last 3 months

12-month forecast

$18.56+25.6% upside

Based on 9 price targets given in the last 3 months, the average target is $18.56, the highest $21.00, the lowest $17.00. The average is +25.6% from the last price of $14.77.

$16.00$18.00$20.00Jan 26AprJulOctJan 27AprJulOctHigh$21.00Average$18.56Low$17.00
Highest target $21.00 Average target $18.56 Lowest target $17.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Ami Probandt★★★★★★★★★★#8718 · hits 60% · avg −0.4% UBS $18.00 → $17.00−5.6% Buy +15.1% Assigned 14.10.26on TipRanks 07:55 −0.3%next day +0.1%
Jason Wayne★★★★★★★★★★#8212 · hits 100% · avg +3.5% Barclays $20.00 → $19.00−5.0% Buy +28.6% Reiterated 14.10.26on TipRanks 05:01 −0.3%next day +0.1%
Unknown Analyst Jefferies $18.00 Buy +21.9% Reiterated 01.10.26on TipRanks Oct 5 21:01 −0.4%next day −0.7% · 5 days −0.3%
James Feldman★★★★★★★★★★#2787 · hits 60% · avg +4.7% Wells Fargo $19.00 Buy +28.6% Reiterated 28.09.26on TipRanks 08:35 +1.2%next day +1.1% · 5 days +0.2%
Jason Wayne★★★★★★★★★★#8212 · hits 100% · avg +3.5% Barclays $20.00 Buy +35.4% Reiterated 23.09.26on TipRanks 05:05 −0.5%next day +0.3% · 5 days +1.6%
Ami Probandt★★★★★★★★★★#8718 · hits 60% · avg −0.4% UBS $19.00 → $18.00−5.3% Buy +21.9% Assigned 15.09.26on TipRanks 06:50 −0.6%next day −1.1% · 5 days −5.1%
Austin Wurschmidt★★★★★★★★★★#2804 · hits 59% · avg +8.8% KeyBanc $19.00 Buy +28.6% Reiterated 11.09.26on TipRanks 05:15 −1.1%next day +1.4% · 5 days −2.5%
Michael Gorman★★★★★★★★★★#2400 · hits 56% · avg +5.8% BTIG $21.00 Buy +42.2% Reiterated 09.09.26on TipRanks Sep 10 06:15 −3.8%next day +0.6% · 5 days −0.8%
Barry Oxford★★★★★★★★★★#2172 · hits 57% · avg +4.9% Colliers Securities $18.00 → $17.00−5.6% Hold +15.1% Reiterated 09.09.26on TipRanks 19:30 +0.6%next day −1.1% · 5 days −1.8%
Brad Heffern★★★★★★★★★★#705 · hits 54% · avg +11.7% RBC Capital $18.00 → $19.00+5.6% Buy +28.6% Reiterated 04.08.26on TipRanks Aug 5 07:42 0.0%next day +0.4% · 5 days −2.3%
Peter Abramowitz★★★★★★★★★★#4501 · hits 59% · avg +5.2% Deutsche Bank $18.00 Hold +21.9% Reiterated 20.07.26on TipRanks Jul 21 21:03 −0.6%next day −1.0% · 5 days −0.1%
John Kim★★★★★★★★★★#5619 · hits 51% · avg +1.0% BMO Capital $22.00 → $20.00−9.1% Buy +35.4% Reiterated 29.03.26on TipRanks Mar 30 07:40 +0.7%next day −2.4% · 5 days −2.0%
Nicholas Joseph★★★★★★★★★★#4196 · hits 65% · avg +4.5% Citi $19.50 → $18.00−7.7% Hold +21.9% Reiterated 18.02.26on TipRanks 06:52 +0.3%next day +0.6% · 5 days +0.5%
Aaron Hecht★★★★★★★★★★#3316 · hits 50% · avg +3.8% Citizens JMP $25.00 → $22.00−12.0% Buy +49.0% Reiterated 09.01.26on TipRanks 06:05 −1.6%next day −1.0% · 5 days 0.0%
Unknown Analyst Jefferies $16.93 Buy +14.6% Assigned 15.12.25on TipRanks Dec 16 05:50 +0.5%next day +0.2% · 5 days +0.6%
Merrill Ross★★★★★★★★★★#2118 · hits 58% · avg +7.0% Compass Point $24.00 Buy +62.5% Reiterated 31.10.25on TipRanks 09:45 +0.7%next day +0.3% · 5 days +5.0%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Independence Realty

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Merrill Ross★★★★★★★★★★Compass Point · #2118
Hits 58%124 of 213 Average return +7.0%
1 year Merrill Ross★★★★★★★★★★Compass Point · #2118
Hits 58%124 of 213 Average return +7.0%
2 years Merrill Ross★★★★★★★★★★Compass Point · #2118
Hits 58%124 of 213 Average return +7.0%

Most profitable

3 months Merrill Ross★★★★★★★★★★Compass Point · #2118
Hits 58%124 of 213 Average return +7.0%
1 year Merrill Ross★★★★★★★★★★Compass Point · #2118
Hits 58%124 of 213 Average return +7.0%
2 years Merrill Ross★★★★★★★★★★Compass Point · #2118
Hits 58%124 of 213 Average return +7.0%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $18.88 at a price of $14.53 (+29.9%); now: $18.56 at $14.77 (+25.6%).

$16.00$18.00Sep 15Oct 1Oct 15Top analysts$19.00Average target$18.56Price$14.77

PriceAverage targetTop analysts’ target

Recommendation trend

0510152104Oct 25273Nov283Dec105Jan 26116Feb116Mar95Apr74May53Jun42Jul62Aug153Sep152Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy75461515
Hold432232
Sell000000

Earnings and sales forecast

Next report: 02.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.04 (from $0.03 to $0.11). Last quarter: $0.01.

Sales

Next quarter’s sales estimate — $172M (from $170M to $173M). Last quarter: $167M.

Best top-analyst consensus in the sector · Realestate

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About Independence Realty
  • CEO: Scott F. Schaeffer
  • Employees: 904
  • 1835 Market Street, Philadelphia, PA, 19103, US
  • www.irtliving.com

Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.

Data from the stock’s TipRanks forecast page, read 85 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗