Independence Realty Trust: Likely Priced In After Its Year-To-Date Rally [Seeking Alpha]
Independence Realty Trust, Inc. (IRT)
NASDAQ:AMEX Investor Relations:
irtliving.com/page.aspx/contentid/7/investor-relations
Company Research
Source: Seeking Alpha
4.12K Follower s Follow Play 12min Summary Independence Realty Trust, Inc. has surged by approximately 25% year-to-date, likely driven by lower U.S. interest rates and asset class discounts. Despite boasting solid occupancy rates and rental escalation prospects, the REIT faces headwinds from a potential retracement to supply-demand equilibrium in the residential housing market. Short-term headwinds from the hurricane season and share issuances are probably material. However, the extent of their impact remains debatable. An extensive CapEx roadmap might yield benefits, but at what cost? Our NAVPS model sets IPR REIT's fair value of $19.13, which is in fair value territory. Moreover, a peer-based analysis shows that the REIT's dividend profile is in the lower quantile. ewg3D/iStock via Getty Images Real estate investment trusts are in the limelight amid lower U.S. interest rates, expectations of reinflation , and asset class discounts . Therefore, the systematic e
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IRT
News
- Independence Realty Trust, Inc. (NYSE: IRT) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $23.00 price target on the stock.MarketBeat
- Independence Realty Trust Announces Fourth Quarter 2024 DividendBusiness Wire
- MAA Stock Rises 27.2% in 6 Months: Will the Trend Continue? [Yahoo! Finance]Yahoo! Finance
- Independence Realty Trust Scheduled to Participate in Nareit’s REITworld Annual ConferenceBusiness Wire
- Independence Realty Trust, Inc. (NYSE: IRT) was upgraded by analysts at BMO Capital Markets from an "underperform" rating to a "market perform" rating. They now have a $21.00 price target on the stock, up previously from $19.00.MarketBeat
IRT
Earnings
- 10/30/24 - Beat
IRT
Sec Filings
- 12/9/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- IRT's page on the SEC website