Independence Realty Trust found using ticker (IRT) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 23 with the average target price sitting at 26.33. Now with the previous closing price of 21.83 this now indicates there is a potential upside of 20.6%. The 50 day MA is 21.44 while the 200 day moving average is 23.9. The market cap for the company is $5,022m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $6,057m 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.
