Independence Realty Trust. found using ticker (IRT) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 26 and 17 calculating the mean target price we have 21.21. Now with the previous closing price of 18.22 this would indicate that there is a potential upside of 16.4%. The 50 day moving average now sits at 17.46 and the 200 day moving average is 20.03. The market cap for the company is $4,210m. Find out more information at: https://www.irtliving.com
The potential market cap would be $4,901m 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. marketsluding 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.
