InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$10.63 and traded as high as C$11.34. InterRent Real Estate Investment Trust shares last traded at C$11.20, with a volume of 259,022 shares.
Wall Street Analysts Forecast Growth
IIP.UN has been the subject of a number of research reports. Royal Bank of Canada dropped their price objective 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. Canaccord Genuity Group lifted their price target 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 report on Wednesday, February 26th. Scotiabank reduced their price objective on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. CIBC lowered their target price on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, National Bankshares lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$12.25 to C$11.75 in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$13.13.
View Our Latest Report on IIP.UN
InterRent Real Estate Investment Trust Stock Down 1.4 %
The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of -560.00 and a beta of 1.13. The firm has a 50 day moving average of C$10.63 and a 200 day moving average of C$10.53. The company has a quick ratio of 0.04, a current ratio of 0.43 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.
Further Reading
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