InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$12.22 and traded as high as C$13.65. InterRent Real Estate Investment Trust shares last traded at C$13.57, with a volume of 551,570 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. CIBC lifted their target price on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Thursday, May 22nd. Royal Bank Of Canada lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$14.50 to C$13.55 in a research report on Monday, June 9th. TD Securities lowered 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 research report on Wednesday, May 28th. BMO Capital Markets raised their price objective on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research 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 raised their price objective for the company from C$13.25 to C$14.00 in a research report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$13.29.
Check Out Our Latest Stock Analysis on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Up 0.1%
The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -678.00 and a beta of 1.13. The stock has a 50 day moving average of C$12.40 and a 200 day moving average of C$10.97. 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.
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