Independence Realty Trust found using ticker (IRT) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 19 with a mean TP of 27.34. Given that the stocks previous close was at 27.3 this now indicates there is a potential upside of .1%. The day 50 moving average is 25.78 and the 200 day moving average is 23.02. The company has a market cap of $6,352m. You can visit the company’s website by visiting: https://www.irtliving.com
The potential market cap would be $6,361m 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.
