InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives Average Rating of "Hold" from Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has been given an average rating of "Hold" by the seven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$13.29.

Several brokerages recently issued reports on IIP.UN. National Bankshares set a C$13.55 target price on InterRent Real Estate Investment Trust and gave the stock a "sector perform" rating in a research report on Wednesday, May 28th. TD Securities downgraded InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and raised their price objective for the stock from C$13.50 to C$14.00 in a research report on Wednesday, May 28th. Raymond James Financial lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from C$13.25 to C$14.00 in a research note on Wednesday, May 28th. Royal Bank Of Canada downgraded shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$14.50 to C$13.55 in a research report on Monday, June 9th. Finally, Scotiabank lowered their price target on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating for the company in a report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Trading Up 0.2%

InterRent Real Estate Investment Trust stock traded up C$0.03 during trading hours on Monday, hitting C$13.60. The stock had a trading volume of 84,683 shares, compared to its average volume of 593,160. The business's 50 day simple moving average is C$11.94 and its 200-day simple moving average is C$10.83. InterRent Real Estate Investment Trust has a one year low of C$9.40 and a one year high of C$13.80. The stock has a market cap of C$2.01 billion, a price-to-earnings ratio of -680.00 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is an open-ended real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. The company operations are carried out through the region of Canada.