Independence Realty Trust with ticker code (IRT) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 19 calculating the mean target price we have 27.19. Given that the stocks previous close was at 21.01 this is indicating there is a potential upside of 29.4%. The 50 day moving average now sits at 24.6 and the 200 day moving average is 23.85. The company has a market capitalisation of $4,893m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $6,333m 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.
