Published On: Wed, Oct 19th, 2016

Broker Changes For Independence Realty Trust, Inc. (IRT)


Recently stock market analysts have updated their consensus ratings on shares of Independence Realty Trust, Inc. (IRT).

Most recent broker ratings

08/04/2016 – Independence Realty Trust, Inc. had its “mkt perform” rating reiterated by analysts at FBR Capital Markets. They now have a USD 9.5 price target on the stock.

02/22/2016 – Independence Realty Trust, Inc. had its “buy” rating reiterated by analysts at Compass Point. They now have a USD 10.5 price target on the stock.

11/23/2015 – Independence Realty Trust, Inc. was downgraded to “neutral” by analysts at National Securities. They now have a USD 9 price target on the stock.

09/28/2015 – Independence Realty Trust, Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 9 price target on the stock.

09/15/2015 – Independence Realty Trust, Inc. had its “market outperform” rating reiterated by analysts at JMP Securities. They now have a USD 9 price target on the stock.

07/30/2015 – Independence Realty Trust, Inc. had its “buy” rating reiterated by analysts at Wunderlich. They now have a USD 9.5 price target on the stock.

01/15/2015 – Independence Realty Trust, Inc. was downgraded to “underperform” by analysts at Zacks. They now have a USD 8.9 price target on the stock.

05/29/2014 – Independence Realty Trust, Inc. had its “buy” rating reiterated by analysts at Ladenburg Thalmann. They now have a USD 9.75 price target on the stock.

Independence Realty Trust, Inc. has a 50 day moving average of 9.44 and a 200 day moving average of 8.43.It has a 52-week low of 5.97 and a 52-week high of 10.70.

The share price of the company (IRT) was up +0.80% during the last trading session, with a high of 8.93 and the volume of Independence Realty Trust, Inc. shares traded was 2435913.

Independence Realty Trust, Inc. is an externally managed and advised apartment real estate investment trust (REIT). The Company’s business consists of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. It owns and operates a portfolio of garden style and mid-rise apartment communities in the Southeastern United States. The Company’s portfolio consists of approximately 50 apartment properties containing an aggregate of over 13,700 apartment units. The Company’s portfolio has an average occupancy of approximately 93.6%. Its apartment properties include Belle Creek, Copper Mill, Crestmont, Cumberland Glen, Heritage Trace, Tresa at Arrowhead, Centrepoint, Augusta, Carrington Park, Arbors at the Reservoir, Walnut Hill, Lenoxplace, Stonebridge Crossing, Miller Creek at German Town, Pointe at Canyon Ridge, St James at Goose Creek and Talison Row at Daniel Island. It is managed by a subsidiary of RAIT Financial Trust (RAIT).