InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Consensus Rating of "Moderate Buy" by Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$13.03.

IIP.UN has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on shares of InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a report on Thursday, May 22nd. Raymond James boosted their price objective on InterRent Real Estate Investment Trust from C$12.75 to C$13.25 in a report on Thursday, May 22nd. Scotiabank cut their price objective on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. CIBC boosted their price objective on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Thursday, May 22nd. Finally, TD Securities boosted their price objective on InterRent Real Estate Investment Trust from C$13.00 to C$13.50 and gave the stock a "buy" rating in a report on Thursday, May 22nd.

InterRent Real Estate Investment Trust Price Performance

IIP.UN stock traded up C$1.75 during trading on Thursday, hitting C$13.59. The company had a trading volume of 8,284,080 shares, compared to its average volume of 536,071. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -679.50 and a beta of 1.13. The business has a 50 day moving average of C$11.07 and a 200 day moving average of C$10.52. InterRent Real Estate Investment Trust has a fifty-two week low of C$9.40 and a fifty-two week high of C$13.79. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Company Profile

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.