InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$12.56 and traded as high as C$13.53. InterRent Real Estate Investment Trust shares last traded at C$13.44, with a volume of 237,973 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently commented on IIP.UN shares. Royal Bank Of Canada lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$14.50 to C$13.55 in a research report on Monday, June 9th. CIBC increased their target price on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Thursday, May 22nd. BMO Capital Markets raised their price objective on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a report on Thursday, May 22nd. TD Securities cut InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and raised their price objective for the company from C$13.50 to C$14.00 in a report on Wednesday, May 28th. Finally, National Bankshares set a C$13.55 target price on shares of InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a research note on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$13.29.
Read Our Latest Research Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Price Performance
The company has a market capitalization of C$1.99 billion, a PE ratio of -671.50 and a beta of 1.13. The stock's 50-day moving average is C$12.66 and its two-hundred day moving average is C$11.09. 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
(
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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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