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Independence Realty (IRT) Receives a Buy from BMO Capital

Tipranks - Tipranks - Tue Mar 31, 6:56AM CDT

BMO Capital analyst John Kim maintained a Buy rating on Independence Realty yesterday and set a price target of $20.00.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Kim is an analyst with an average return of -2.0% and a 44.04% success rate. Kim covers the Real Estate sector, focusing on stocks such as Cousins Properties, Independence Realty, and Douglas Emmett.

Currently, the analyst consensus on Independence Realty is a Moderate Buy with an average price target of $19.25.

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Based on Independence Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $167.13 million and a net profit of $33.27 million. In comparison, last year the company earned a revenue of $161.31 million and had a GAAP net loss of $1 million

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