Blackstone, led by self-made billionaires, is on a remarkable REIT buying spree as valuations hit a decade-low. Click for my top REIT picks.

US equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates. Learn more about the REIT markets here.

US equity markets declined for a second-straight week, while benchmark interest rates surged to the highest levels of the year. Read more here.

The recent uptick in rental prices presents a mixed bag for investors, buoying the outlook for residential real estate stocks while simultaneously stirring inflationary concerns that could complicate efforts to achieve the Federal Reserve’s 2% inflation target. What Happened: The median U.S. asking rent saw a 2.2% increase year over year in February, reaching $1,981, marking the most significant gain since January 2023, with a month-on-month increase of 0.9%, as revealed by Redfin. This rise is partly attributed to the “base effect,” given that rents were at their lowest in February 2023, leading to an amplified annual rate increase. The rental price surge is predominantly driven by the Northwest and Midwest regions. In the Northeast, the median asking rent escalated by 5.2% year over year to $2,481 in February, the most substantial increase in nine months. The Midwest witnessed a similar trend, with rents climbing 4.9% to ...Full story available on Benzinga.com

Throughout the last three months, 4 analysts have evaluated Independence Realty Trust (NYSE:IRT), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 0 1 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 1 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $16.75, a high estimate of $18.00, and a low estimate of $15.00. This current average has decreased by 5.21% from the previous average price target of $17.67. Exploring Analyst Ratings: An In-Depth Overview An in-depth analysis of recent analyst actions unveils how financial experts perceive Independence Realty Trust. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Aaron Hecht JMP Securities Raises Market Outperform $17.00 $15.00 Anthony Powell Barclays Lowers Overweight $18.00 $22.00 Brad Heffern RBC Capital Raises Outperform $17.00 $16.00 John Kim BMO Capital Announces Underperform $15.00 - Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Independence Realty Trust. This information ...Full story available on Benzinga.com

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0% and 0.21%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

Sunbelt region is experiencing rapid population growth, surge in construction activity focusing on multifamily properties. Click here for our top REIT picks in the region.

Independence Realty's (IRT) recent property sales underscore the company's dedication to its strategic objectives, including portfolio optimization and debt reduction.

Discover two attractively priced REITs that didn't fully engage in December's rally along with most others in the sector.

Independence Realty Trust has shown strong performance with high occupancy rates and growth in revenue and operating income. Find out why IRT stock is a Buy.

RBC Capital has decided to maintain its Outperform rating of Independence Realty Trust (NYSE:IRT) and lower its price target from $18.00 to $17.00. Shares of Independence Realty Trust are trading up 0.48% over the last 24 hours, at $12.45 per share. A move to $17.00 would account for a 36.55% increase from the current share price. About Independence Realty Trust Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, ...Full story available on Benzinga.com

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 3.45% and 0.40%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?