Independence Realty Trust, Inc. (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.
IPO Year: 2013
Exchange: NYSE
Website: irtliving.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/13/2025 | $22.00 | Buy → Neutral | Compass Point |
| 4/7/2025 | $24.00 | Buy | UBS |
| 3/19/2025 | $24.00 | Overweight | Wells Fargo |
| 3/10/2025 | $20.00 → $24.00 | Hold → Buy | Jefferies |
| 12/17/2024 | $23.00 | Equal Weight | Barclays |
| 11/15/2024 | $19.00 → $21.00 | Underperform → Market Perform | BMO Capital Markets |
| 1/30/2024 | $18.00 | Buy | Deutsche Bank |
| 12/15/2023 | $14.00 → $15.00 | Market Perform → Underperform | BMO Capital Markets |
| 7/18/2023 | $19.00 | Outperform → Market Perform | BMO Capital Markets |
| 5/8/2023 | $20.00 | Mkt Perform → Mkt Outperform | JMP Securities |