Colliers Securities downgrades Independence Realty (IRT) to a Hold
Colliers Securities analyst Barry Oxford downgraded Independence Realty (IRT) to a Hold, setting a price target of $18.50. Oxford, a 3-star analyst with a 2.0% average return, focuses on the Real Estate sector. Barclays also rated IRT as Hold, while Wells Fargo maintained a Buy rating. The news highlights differing analyst opinions on IRT's stock.
Colliers Securities analyst Barry Oxford downgraded Independence Realty to a Hold today and set a price target of $18.50.
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According to TipRanks, Oxford is a 3-star analyst with an average return of 2.0% and a 53.94% success rate. Oxford covers the Real Estate sector, focusing on stocks such as AvalonBay, Mid-America Apartment, and Umh.
In addition to Colliers Securities, Independence Realty also received a Hold from Barclays’s Richard Hightower in a report issued on November 25. However, on the same day, Wells Fargo maintained a Buy rating on Independence Realty (NYSE: IRT).
