Independence Realty Trust with ticker code (IRT) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 22 calculating the mean target price we have 26. With the stocks previous close at 17.56 this now indicates there is a potential upside of 48.1%. The day 50 moving average is 19.85 and the 200 moving average now moves to 22.89. The company has a market capitalisation of $3,679m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $5,447m 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.
