Independence Realty Trust – Consensus Indicates Potential 1.5% Upside

Broker Ratings

Independence Realty Trust with ticker code (IRT) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 29 and 19 with the average target price sitting at 24.86. Given that the stocks previous close was at 24.5 this would indicate that there is a potential upside of 1.5%. The 50 day moving average now sits at 22.85 and the 200 day moving average is 18.87. The company has a market capitalisation of $2,524m. Company Website: 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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