InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Crosses Above 50 Day Moving Average - Should You Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$10.95 and traded as high as C$12.09. InterRent Real Estate Investment Trust shares last traded at C$11.76, with a volume of 369,821 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a report on Thursday, May 22nd. Royal Bank of Canada lowered their target price 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 report on Wednesday, February 26th. TD Securities boosted their target price on shares of InterRent Real Estate Investment Trust from C$13.00 to C$13.50 and gave the company a "buy" rating in a report on Thursday, May 22nd. Raymond James boosted their price objective on shares of InterRent Real Estate Investment Trust from C$12.75 to C$13.25 in a research note on Thursday, May 22nd. Finally, National Bankshares downgraded shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$12.25 to C$11.75 in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$13.03.

InterRent Real Estate Investment Trust Stock Up 14.7%

The stock has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -679.00 and a beta of 1.13. The firm's fifty day moving average is C$11.02 and its 200-day moving average is C$10.50. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04.

About InterRent Real Estate Investment Trust

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.