Independence Realty Trust – Consensus Indicates Potential 22.5% Upside

Broker Ratings

Independence Realty Trust with ticker code (IRT) have now 13 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 30 and 19 with the average target price sitting at 26.12. Now with the previous closing price of 21.33 this is indicating there is a potential upside of 22.5%. The day 50 moving average is 23.63 and the 200 day moving average is 23.87. The market capitalisation for the company is $4,793m. Visit the company website at: https://www.irtliving.com

The potential market cap would be $5,869m based on the market concensus.

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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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