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Stock impact report

What Makes Independence Realty (IRT) Attractive [Yahoo! Finance]

Independence Realty Trust, Inc. (IRT) 
Company Research Source: Yahoo! Finance
On January 9, Citizens JMP analyst Aaron Hecht maintained his Outperform rating on Independence Realty Trust (NYSE:IRT), while lowering his estimated target price from $25 to $22. Copyright: zhukovsky / 123RF Stock Photo Hecht anticipates an inflection point in lease rates during 2026, due to the expected slowdown in deliveries that will result in improvement of supply-side conditions in the market. However, he expects core funds from operations (FFO) during the next couple of years to remain under pressure. This is primarily due to the continued effects of last year's oversupply of new apartments witnessed in Sunbelt areas, which kept rental growth highly timid. Despite the downward revision, his target price forecasts still offer an upside potential of 27.5% to investors. Ami Probandt from UBS also maintained a bullish view on Independence Realty Trust (NYSE:IRT), assigning a Buy rating to the stock on January 8. She raised her price target from $19 to $20, which yields an up Show less Read more
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