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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IRT:
- Independence Realty Trust initiated with a Buy at UBS
- Independence Realty Trust initiated with an Overweight at Wells Fargo
- 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