Independence Realty Trust – Consensus Indicates Potential 61.2% Upside

Broker Ratings

Independence Realty Trust with ticker code (IRT) now have 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 30 and 22 with the average target price sitting at 25.67. Given that the stocks previous close was at 15.92 this would indicate that there is a potential upside of 61.2%. There is a 50 day moving average of 19.37 and the 200 day MA is 22.73. The company has a market capitalisation of $3,519m. You can visit the company’s website by visiting: https://www.irtliving.com

The potential market cap would be $5,674m 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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