Independence Realty Trust found using ticker (IRT) now have 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 30 and 23 calculating the mean target price we have 26.17. Now with the previous closing price of 19.33 this indicates there is a potential upside of 35.4%. The day 50 moving average is 20.98 and the 200 moving average now moves to 23.59. The company has a market cap of $4,467m. You can visit the company’s website by visiting: https://www.irtliving.com
The potential market cap would be $6,048m 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.
