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Colliers Securities Sticks to Their Hold Rating for Independence Realty (IRT)

Tipranks - Tipranks - Wed Apr 8, 1:38PM CDT

In a report released today, Barry Oxford from Colliers Securities maintained a Hold rating on Independence Realty, with a price target of $16.50.

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According to TipRanks, Oxford is a 4-star analyst with an average return of 3.6% and a 54.96% success rate. Oxford covers the Real Estate sector, focusing on stocks such as Independence Realty, Mid-America Apartment, and One Liberty Properties.

Currently, the analyst consensus on Independence Realty is a Moderate Buy with an average price target of $19.05.

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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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