Independence Realty Trust with ticker code (IRT) have now 11 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 25 and 17 with the average target price sitting at 20.91. With the stocks previous close at 18.09 this would imply there is a potential upside of 15.6%. There is a 50 day moving average of 17.98 and the 200 day MA is 19.13. The company has a market capitalisation of $4,060m. Visit the company website at: https://www.irtliving.com
The potential market cap would be $4,693m 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.
