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 22 calculating the average target price we see 26. Now with the previous closing price of 16.39 this would imply there is a potential upside of 58.6%. There is a 50 day moving average of 20.29 and the 200 moving average now moves to 23.07. The market capitalisation for the company is $3,872m. Company Website: https://www.irtliving.com
The potential market cap would be $6,142m 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.
