InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$13.03.
A number of equities analysts recently weighed in on IIP.UN shares. Scotiabank decreased 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. Raymond James increased their price target on shares of InterRent Real Estate Investment Trust from C$12.75 to C$13.25 in a research report on Thursday. National Bankshares cut shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$12.25 to C$11.75 in a research note on Monday, April 14th. Canaccord Genuity Group lifted their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, TD Securities boosted their price target on shares of InterRent Real Estate Investment Trust from C$13.00 to C$13.50 and gave the stock a "buy" rating in a research note on Thursday.
Read Our Latest Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Price Performance
Shares of TSE IIP.UN traded down C$0.15 during midday trading on Thursday, hitting C$11.67. 238,903 shares of the company's stock were exchanged, compared to its average volume of 461,683. 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's fifty day moving average price is C$11.00 and its two-hundred day moving average price is C$10.50. The company has a market cap of C$1.73 billion, a price-to-earnings ratio of -583.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 12-month low of C$9.40 and a 12-month high of C$13.20.
About InterRent Real Estate Investment Trust
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Get Free ReportInterRent 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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