In a report released today, Craig Kucera from B.Riley FBR maintained a Buy rating on Independence Realty (IRT), with a price target of $10.50. The company’s shares opened today at $9.63.
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 4.3% and a 61.1% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, Urstadt Biddle Properties Inc, and Consolidated-Tomoka Land Co.
Independence Realty has an analyst consensus of Moderate Buy, with a price target consensus of $10.70, representing an 11.1% upside. In a report issued on November 2, Boenning & Scattergood also maintained a Buy rating on the stock with a $11.25 price target.
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The company has a one-year high of $10.63 and a one-year low of $8.26. Currently, Independence Realty has an average volume of 533.1K.
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Independence Realty Trust, Inc. is a real estate investment trust. It owns and operates multifamily apartment communities across non-gateway U.S. markets, including Louisville, Memphis, Atlanta and Raleigh. The company is focused on gaining scale within key amenity rich submarkets that offer school districts, retail and employment centers.
