Independence Realty Trust found using ticker (IRT) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 19 and has a mean target at 25.5. Given that the stocks previous close was at 20.4 this is indicating there is a potential upside of 25.0%. The 50 day moving average now sits at 22.24 and the 200 day MA is 23.88. The market capitalisation for the company is $4,677m. Company Website: https://www.irtliving.com
The potential market cap would be $5,846m 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.