InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$14.00 price target on the real estate investment trust's stock, up from their prior price target of C$13.25. Raymond James' target price suggests a potential upside of 2.49% from the company's previous close.
A number of other brokerages have also weighed in on IIP.UN. CIBC increased their target price on shares of InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research report on Thursday, May 22nd. TD Securities downgraded shares of InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$13.50 to C$14.00 in a report on Wednesday. Royal Bank of Canada lowered their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets upped their price target on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$13.41.
Read Our Latest Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Performance
Shares of IIP.UN stock traded up C$0.07 during trading on Wednesday, hitting C$13.66. The company's stock had a trading volume of 2,306,762 shares, compared to its average volume of 552,701. The company has a market cap of C$2.02 billion, a PE ratio of -683.00 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. The business has a fifty day moving average of C$11.07 and a 200-day moving average of C$10.52. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$13.79.
About InterRent Real Estate Investment Trust
(
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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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