BMO Capital analyst John Kim maintained a Buy rating on Independence Realty (NYSE:IRT) on Friday, setting a price target of $28, which is approximately 14.52% above the present share price of $24.45.
Kim expects Independence Realty to post earnings per share (EPS) of $0.11 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Independence Realty, with an average price target of $24.97.
The analysts price targets range from a high of $28 to a low of $19.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $60.78 million and a net profit of $14.05 million. The company's market cap is $2.57 billion.
According to TipRanks.com, BMO Capital analyst John Kim is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.2% and a 55.68% success rate.
Independence Realty Trust, Inc. is a real estate investment trust. It acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.