Independence Realty Trust (NYSE:IRT – Get Free Report) had its price target raised by equities researchers at JMP Securities from $20.00 to $22.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ price objective would suggest a potential upside of 8.40% from the company’s current price.
A number of other equities analysts have also commented on IRT. BTIG Research boosted their price objective on shares of Independence Realty Trust from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, August 12th. KeyCorp boosted their target price on shares of Independence Realty Trust from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, Independence Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $19.57.
View Our Latest Stock Report on IRT
Independence Realty Trust Price Performance
Institutional Investors Weigh In On Independence Realty Trust
Institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Independence Realty Trust in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Independence Realty Trust in the 1st quarter worth approximately $31,000. Lazard Asset Management LLC acquired a new stake in shares of Independence Realty Trust in the 1st quarter worth approximately $40,000. Advisors Asset Management Inc. lifted its stake in shares of Independence Realty Trust by 146.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,833 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,684 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Independence Realty Trust in the 2nd quarter worth approximately $64,000. Institutional investors own 88.25% of the company’s stock.
Independence Realty Trust Company Profile
Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL.
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