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Barclays Remains a Hold on Independence Realty (IRT)

Tipranks - Tipranks - Sat Mar 7, 4:54AM CST

In a report released today, Richard Hightower from Barclays maintained a Hold rating on Independence Realty, with a price target of $18.00.

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According to TipRanks, Hightower is an analyst with an average return of -0.4% and a 48.85% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Diamondrock, Invitation Homes, and Park Hotels & Resorts.

In addition to Barclays, Independence Realty also received a Hold from Citi’s Nicholas Joseph in a report issued on February 18. However, yesterday, Wells Fargo maintained a Buy 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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