Independence Realty Trust found using ticker (IRT) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 23 calculating the average target price we see 26.17. Given that the stocks previous close was at 19.65 this indicates there is a potential upside of 33.2%. The 50 day MA is 21.06 and the 200 day moving average is 23.68. The market cap for the company is $4,438m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $5,910m 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.
