Independence Realty Trust with ticker code (IRT) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 30 and 19 and has a mean target at 26.8. Given that the stocks previous close was at 23.8 this now indicates there is a potential upside of 12.6%. The 50 day moving average now sits at 23.8 and the 200 moving average now moves to 21.12. The company has a market cap of $5,313m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $5,983m based on the market concensus.
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT’s investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
