Raymond James downgraded shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Free Report) from an outperform rating to a market perform rating in a research note published on Wednesday,BayStreet.CA reports. They currently have C$14.00 price objective on the real estate investment trust's stock, up from their prior price objective of C$13.25.
Other research analysts have also issued reports about the stock. Canaccord Genuity Group lifted their price objective on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a research note on Wednesday, February 26th. BMO Capital Markets lifted their price objective on shares of InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research note on Thursday, May 22nd. Royal Bank of Canada reduced 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 research note on Wednesday, February 26th. National Bankshares set a C$13.55 price objective on shares of InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a research note on Wednesday. Finally, TD Securities lowered shares of InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and lifted their price objective for the company from C$13.50 to C$14.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$13.41.
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InterRent Real Estate Investment Trust Stock Performance
InterRent Real Estate Investment Trust stock traded down C$0.09 during mid-day trading on Wednesday, reaching C$13.66. The company's stock had a trading volume of 930,320 shares, compared to its average volume of 569,443. InterRent Real Estate Investment Trust has a 12-month low of C$9.40 and a 12-month high of C$13.80. The company has a market capitalization of C$2.02 billion, a P/E ratio of -683.00 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 firm's fifty day moving average price is C$11.22 and its two-hundred day moving average price is C$10.58.
InterRent Real Estate Investment Trust Company Profile
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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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