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Analysts Offer Insights on Real Estate Companies: Independence Realty (IRT) and Four Corners Property (FCPT)

Tipranks - Thu Apr 30, 7:56PM CDT

Analysts fell to the sidelines weighing in on Independence Realty (IRT) and Four Corners Property (FCPT) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Independence Realty (IRT)

In a report released yesterday, Barry Oxford from Colliers Securities maintained a Hold rating on Independence Realty, with a price target of $17.00. The company’s shares closed last Wednesday at $16.29, close to its 52-week low of $15.25.

According to TipRanks.com, Oxford is a 4-star analyst with an average return of 5.1% and a 59.5% success rate. Oxford covers the NA sector, focusing on stocks such as Bluerock Homes Trust, Inc. Class A, Alpine Income Property Trust Inc, and American Healthcare REIT, Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Independence Realty with a $18.07 average price target.

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Four Corners Property (FCPT)

BMO Capital analyst Eric Borden maintained a Hold rating on Four Corners Property yesterday and set a price target of $27.00. The company’s shares closed last Wednesday at $25.32.

According to TipRanks.com, Borden is a 3-star analyst with an average return of 6.3% and a 77.8% success rate. Borden covers the NA sector, focusing on stocks such as Essential Properties Realty, FrontView REIT, Inc., and Broadstone Net Lease. ;'>

Four Corners Property has an analyst consensus of Moderate Buy, with a price target consensus of $28.17, an 11.1% upside from current levels. In a report issued on April 21, Barclays also maintained a Hold rating on the stock with a $30.00 price target.

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