Independence Realty Trust with ticker code (IRT) now have 12 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 23 calculating the mean target price we have 26.17. With the stocks previous close at 21.36 this now indicates there is a potential upside of 22.5%. The day 50 moving average is 21.63 while the 200 day moving average is 23.91. The company has a market cap of $4,800m. Company Website: https://www.irtliving.com
The potential market cap would be $5,881m 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.
