Independence Realty Trust with ticker code (IRT) have now 13 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 30 and 19 with a mean TP of 26.5. Now with the previous closing price of 20.54 this is indicating there is a potential upside of 29.0%. The 50 day MA is 24.23 and the 200 day MA is 23.85. The company has a market cap of $4,677m. You can visit the company’s website by visiting: https://www.irtliving.com
The potential market cap would be $6,034m 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.
