Independence Realty Trust with ticker code (IRT) have now 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 19 and has a mean target at 26.12. Given that the stocks previous close was at 21.01 this is indicating there is a potential upside of 24.3%. There is a 50 day moving average of 23.51 and the 200 moving average now moves to 23.87. The market cap for the company is $4,770m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $5,930m 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.