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 27 and 17 calculating the mean target price we have 22.21. Now with the previous closing price of 16.63 this would imply there is a potential upside of 33.6%. There is a 50 day moving average of 17.18 and the 200 day moving average is 20.61. The market cap for the company is $3,938m. Company Website: https://www.irtliving.com
The potential market cap would be $5,260m 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.
