Independence Realty Trust found using ticker (IRT) have now 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 30 and 19 with the average target price sitting at 26.8. Given that the stocks previous close was at 22.17 this would indicate that there is a potential upside of 20.9%. The day 50 moving average is 24.32 and the 200 day moving average is 20.62. The company has a market capitalisation of $4,858m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $5,873m 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.
