Independence Realty Trust: A Promising Real Estate Investment Trust

Independence Realty Trust (IRT) is a self-managed REIT that acquires and manages multifamily apartment communities. Analysts Aaron Hecht and Ami Probandt maintain a bullish view on the stock, with Hecht lowering his estimated target price from $25 to $22 and Probandt raising her price target from $19 to $20. Despite downward revisions, the target prices offer upside potential of 27.5% and 16% respectively. The company aims to deliver strong returns to investors in the form of dividends and capital gains.