InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$10.76 and traded as high as C$11.42. InterRent Real Estate Investment Trust shares last traded at C$11.30, with a volume of 447,503 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on IIP.UN shares. CIBC decreased their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. National Bankshares lowered shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$12.25 to C$11.75 in a research note on Monday, April 14th. Scotiabank cut their price objective on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Raymond James reduced their price target on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$13.13.
Check Out Our Latest Analysis on IIP.UN
InterRent Real Estate Investment Trust Stock Up 2.4%
The firm has a 50 day moving average price of C$10.85 and a 200-day moving average price of C$10.48. The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of -582.00 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.
InterRent Real Estate Investment Trust Company Profile
(
Get Free Report)
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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