Wells Fargo initiated coverage of Independence Realty Trust (IRT) with an Overweight rating and $24 price target The company offers investors “differentiated” class and geographic exposure, with upside from external growth and redevelopment, the analyst tells investors in a research note. The firm likes Independence’s “outsized” growth from its value-add pipeline and external growth.
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Read More on IRT:
- Independence Realty Trust upgraded to Buy from Hold at Jefferies
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- Independence Realty Trust price target lowered to $20 from $21 at Barclays
- Independence Realty price target at JMP Securities, says buy inflection point
- Independence Realty Trust Reports Strong 2024 Results
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