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Independence Realty (IRT) Receives a Buy from RBC Capital

Tipranks - Tipranks - Wed Apr 15, 12:52AM CDT

In a report released yesterday, Brad Heffern from RBC Capital maintained a Buy rating on Independence Realty, with a price target of $17.00.

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According to TipRanks, Heffern is ranked #1101 out of 12125 analysts.

In addition to RBC Capital, Independence Realty also received a Buy from KeyBanc’s Austin Wurschmidt in a report issued on April 2. However, on April 7, Colliers Securities maintained a Hold rating on Independence Realty (NYSE: IRT).

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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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