Independence Realty Trust with ticker code (IRT) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 30 and 19 with the average target price sitting at 27.27. Given that the stocks previous close was at 23.05 this is indicating there is a potential upside of 18.3%. The 50 day moving average now sits at 25.51 while the 200 day moving average is 23.65. The company has a market capitalisation of $5,327m. You can visit the company’s website by visiting: https://www.irtliving.com
The potential market cap would be $6,302m 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.
