Independence Realty Trust (IRT) Announces Proposed 8.5M Share Common Offering
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February 20, 2020 9:38 AM EST
Independence Realty Trust, Inc. (NYSE: IRT) today announced the pricing of its public offering of 9,000,000 shares of common stock at a price of $15.30 per share in connection with the forward sale agreement described below. The Company also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares. The offering is expected to close on or about February 24, 2020, subject to customary closing conditions.
KeyBanc Capital Markets and BMO Capital Markets are acting as joint book-running managers and representatives of the underwriters for the offering. Stifel, Nicolaus & Company, Incorporated, BofA Securities, Inc., Robert W.... More
February 19, 2020 7:10 AM EST
Citi analyst Michael Bilerman raised the price target on Independence Realty Trust (NYSE: IRT) to $15.75 (from $13.70) while maintaining a Neutral rating.... More
