BMO Capital upgraded Independence Realty Trust (IRT) to Outperform from Market Perform with a price target of $22, up from $20. BMO adjusted real estate investment trust ratings as part of its 2026 outlook. The firm says Independence will benefit from continued net migration coupled with its affordable price point and more favorable supply back-drop moving forward.
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Read More on IRT:
- Buy Rating on Independence Realty: Sunbelt Migration Tailwinds, Attractive Valuation Discount, and M&A Downside Support
- Independence Realty Trust price target raised to $20 from $19 at UBS
- Independence Realty EVP Michele Weisbaum Announces Retirement
- Independence Realty Trust price target lowered to $21 from $22 at KeyBanc
- Independence Realty Trust downgraded to Neutral from Buy at Colliers