Independence Realty Trust with ticker code (IRT) have now 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 30 and 18.5 with a mean TP of 23.96. With the stocks previous close at 17.58 this indicates there is a potential upside of 36.3%. There is a 50 day moving average of 16.81 and the 200 moving average now moves to 21.66. The company has a market capitalisation of $4,046m. Find out more information at: https://www.irtliving.com
The potential market cap would be $5,515m 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.
