Independence Realty Trust found using ticker (IRT) now have 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 27 and 18.5 with a mean TP of 22.46. With the stocks previous close at 18.4 this now indicates there is a potential upside of 22.1%. The 50 day moving average now sits at 16.86 while the 200 day moving average is 21.19. The company has a market cap of $4,145m. Company Website: https://www.irtliving.com
The potential market cap would be $5,060m 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.
