Independence Realty Trust, Inc. with ticker code (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 26 and 17 calculating the average target price we see 20.86. With the stocks previous close at 19.31 this indicates there is a potential upside of 8.0%. The 50 day MA is 17.87 and the 200 moving average now moves to 19.4. The market cap for the company is $4,454m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $4,811m 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.
