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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IRT:
- Independence Realty Trust upgraded to Buy from Hold at Jefferies
- Independence Realty Highlights 2024 Achievements and 2025 Outlook
- 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