Independence Realty Trust – Consensus Indicates Potential -3.5% Downside

Broker Ratings

Independence Realty Trust found using ticker (IRT) have now 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 20 and 13 and has a mean target at 17.68. Given that the stocks previous close was at 18.32 this is indicating there is a potential downside of -3.5%. There is a 50 day moving average of 17.23 and the 200 day moving average is 15.19. The market capitalisation for the company is $1,861m. Visit the company website at: 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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