Independence Realty Trust found using ticker (IRT) have now 11 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 19 calculating the mean target price we have 27.34. Given that the stocks previous close was at 26.26 this would imply there is a potential upside of 4.1%. There is a 50 day moving average of 25.06 and the 200 moving average now moves to 22.63. The market cap for the company is $6,130m. You can visit the company’s website by visiting: https://www.irtliving.com
The potential market cap would be $6,382m 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.
