Independence Realty Trust – Consensus Indicates Potential -1.9% Downside

Broker Ratings

Independence Realty Trust found using ticker (IRT) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 29 and 19 with a mean TP of 24.86. Now with the previous closing price of 25.33 this now indicates there is a potential downside of -1.9%. The 50 day MA is 22.47 and the 200 day moving average is 18.66. The company has a market cap of $2,715m. You can visit the company’s website by visiting: http://www.irtliving.com

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.

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