Independence Realty Trust found using ticker (IRT) now have 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 29 and 19 with the average target price sitting at 26.48. Now with the previous closing price of 23.27 this indicates there is a potential upside of 13.8%. There is a 50 day moving average of 24.55 while the 200 day moving average is 20.45. The market cap for the company is $5,015m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $5,707m 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.
