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Analysts Are Bullish on These Real Estate Stocks: Independence Realty (IRT), CareTrust REIT (CTRE)

Tipranks - Fri Apr 3, 4:18AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on Independence Realty (IRT) and CareTrust REIT (CTRE) with bullish sentiments.

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Independence Realty (IRT)

In a report released today, Austin Wurschmidt from KeyBanc maintained a Buy rating on Independence Realty, with a price target of $19.00. The company’s shares closed last Wednesday at $14.87.

According to TipRanks.com, Wurschmidt is a 4-star analyst with an average return of 6.8% and a 51.8% success rate. Wurschmidt covers the NA sector, focusing on stocks such as Medical Properties Trust, Apple Hospitality REIT, and Global Medical REIT. ;'>

Currently, the analyst consensus on Independence Realty is a Moderate Buy with an average price target of $19.25, implying a 29.6% upside from current levels. In a report issued on March 29, BMO Capital also maintained a Buy rating on the stock with a $20.00 price target.

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