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

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank decreased their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. CIBC decreased their price target on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Raymond James decreased their price target on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, National Bankshares cut InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$12.25 to C$11.75 in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$13.13.

InterRent Real Estate Investment Trust Stock Performance

The company has a market cap of C$1.66 billion, a price-to-earnings ratio of -560.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The stock has a 50-day moving average price of C$10.73 and a 200 day moving average price of C$10.50.

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.