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InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Average Rating of "Hold" by Analysts

InterRent Real Estate Investment Trust logo with Real Estate background

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have earned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$13.29.

IIP.UN has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research note on Thursday, May 22nd. Raymond James Financial downgraded InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and increased their price target for the stock from C$13.25 to C$14.00 in a research note on Wednesday, May 28th. CIBC increased their price target on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research note on Thursday, May 22nd. Royal Bank Of Canada downgraded InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from C$14.50 to C$13.55 in a research note on Monday, June 9th. Finally, TD Securities downgraded InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and increased their price target for the stock from C$13.50 to C$14.00 in a research note on Wednesday, May 28th.

Get Our Latest Analysis on InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust Stock Performance

TSE:IIP.UN remained flat at C$13.35 during trading on Friday. The company's stock had a trading volume of 846,240 shares, compared to its average volume of 615,261. The company has a market capitalization of C$1.97 billion, a price-to-earnings ratio of -667.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company has a 50 day simple moving average of C$12.88 and a 200 day simple moving average of C$11.19. InterRent Real Estate Investment Trust has a 52-week low of C$9.40 and a 52-week high of C$13.80.

InterRent Real Estate Investment Trust Company Profile

(Get Free Report

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.

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Analyst Recommendations for InterRent Real Estate Investment Trust (TSE:IIP.UN)

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