Compass Point analyst Merrill Ross maintained a Buy rating on Independence Realty (IRT – Research Report) today and set a price target of $21.00. The company’s shares closed last Friday at $15.86.
According to TipRanks, Ross is a 4-star analyst with an average return of 5.3% and a 52.69% success rate. Ross covers the Real Estate sector, focusing on stocks such as AGNC Investment, Annaly Capital, and Equity Lifestyle.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Independence Realty with a $17.94 average price target, a 13.11% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $18.00 price target.
The company has a one-year high of $18.02 and a one-year low of $11.37. Currently, Independence Realty has an average volume of 2.23M.
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Independence Realty (IRT) Company Description:
Independence Realty Trust, Inc. is a real estate investment trust. It acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.
Read More on IRT:
- Independence Realty Shares Informal Financial Disclosure
- Independence Realty Trust reports Q1 core FFO 27c, consensus 28c
- Independence Realty Trust (IRT) Q1 Earnings Cheat Sheet
- Apartment Income downgraded to Market Perform from Outperform at BMO Capital
- Independence Realty Strengthens Board with Strategic Director Appointment
