Independence Realty Trust with ticker code (IRT) now have 13 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 30 and 19 with a mean TP of 27.19. Given that the stocks previous close was at 23.56 this would imply there is a potential upside of 15.4%. There is a 50 day moving average of 25.11 and the 200 moving average now moves to 23.82. The market cap for the company is $5,270m. Find out more information at: https://www.irtliving.com
The potential market cap would be $6,082m 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.
