InterRent Real Estate Investment Trust (TSE:IIP.UN) Given New C$13.25 Price Target at Raymond James

InterRent Real Estate Investment Trust (TSE:IIP.UN - Free Report) had its price target hoisted by Raymond James from C$12.75 to C$13.25 in a research note released on Thursday,BayStreet.CA reports.

Several other analysts have also weighed in on IIP.UN. Canaccord Genuity Group increased their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a report on Wednesday, February 26th. CIBC decreased their price target on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. National Bankshares lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$12.25 to C$11.75 in a report on Monday, April 14th. Scotiabank reduced their target price on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$13.03.

InterRent Real Estate Investment Trust Trading Up 15.0%

TSE:IIP.UN traded up C$1.78 during midday trading on Thursday, hitting C$13.62. 6,362,002 shares of the company traded hands, compared to its average volume of 515,889. The firm's fifty day moving average is C$11.02 and its 200-day moving average is C$10.50. InterRent Real Estate Investment Trust has a 12-month low of C$9.40 and a 12-month high of C$13.79. The firm has a market capitalization of C$2.01 billion, a P/E ratio of -681.00 and a beta of 1.13. The company has a current ratio of 0.43, a quick ratio of 0.04 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.