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Analysts Offer Insights on Real Estate Companies: SBA Communications (SBAC) and Independence Realty (IRT)

Tipranks - Tipranks - Sat May 2, 9:00PM CDT

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

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SBA Communications (SBAC)

In a report issued on April 30, Jonathan Atkin from RBC Capital maintained a Buy rating on SBA Communications, with a price target of $245.00. The company’s shares closed last Friday at $218.58.

Atkin has an average return of 8.0% when recommending SBA Communications. ;'>

According to TipRanks.com, Atkin is ranked #487 out of 12214 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SBA Communications with a $227.50 average price target, representing a 2.5% upside. In a report issued on April 22, Truist Financial also upgraded the stock to Buy with a $247.00 price target.

See the top stocks recommended by analysts >>

Independence Realty (IRT)

In a report issued on April 30, Brad Heffern from RBC Capital maintained a Buy rating on Independence Realty, with a price target of $18.00. The company’s shares closed last Friday at $16.25, close to its 52-week low of $15.25.

According to TipRanks.com, Heffern is a 5-star analyst with an average return of 10.8% and a 53.8% success rate. Heffern covers the NA sector, focusing on stocks such as Mid-America Apartment, Extra Space Storage, and Equity Residential. ;'>

Independence Realty has an analyst consensus of Moderate Buy, with a price target consensus of $18.29, a 12.0% upside from current levels. In a report issued on April 30, TipRanks – Google also upgraded the stock to Buy with a $18.00 price target.

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