Barclays raised the firm’s price target on Independence Realty Trust (IRT) to $21 from $20 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the residential real estate investment trust group. The firm cut funds from operations estimates across the board on a diminished economic outlook.
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Read More on IRT:
- Independence Realty Trust initiated with a Buy at UBS
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- 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