Independence Realty Trust, Inc. found using ticker (IRT) have now 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 25 and 17 calculating the average target price we see 21.09. Given that the stocks previous close was at 17.31 this now indicates there is a potential upside of 21.8%. The day 50 moving average is 18.02 and the 200 moving average now moves to 19.01. The company has a market cap of $4,067m. You can visit the company’s website by visiting: https://www.irtliving.com
The potential market cap would be $4,955m based on the market concensus.
Independence Realty Trust, Inc. (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.
