Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.
Analysts Set New Price Targets
Several analysts have commented on IIP.UN shares. TD Securities downgraded shares of InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and raised their target price for the stock from C$13.50 to C$14.00 in a report on Wednesday, May 28th. Royal Bank Of Canada lowered shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$14.50 to C$13.55 in a report on Monday, June 9th. BMO Capital Markets upped their target price on shares of InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research note on Thursday, May 22nd. 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. Finally, Raymond James Financial lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and boosted their price target for the company from C$13.25 to C$14.00 in a report 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$13.29.
Check Out Our Latest Report on IIP.UN
InterRent Real Estate Investment Trust Price Performance
The firm has a market capitalization of C$1.99 billion, a price-to-earnings ratio of -672.00 and a beta of 1.13. The company's 50 day moving average is C$12.61 and its 200 day moving average is C$11.06. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.
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.
Further Reading
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