InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.03 and traded as high as C$13.53. InterRent Real Estate Investment Trust shares last traded at C$13.44, with a volume of 237,973 shares.
Analyst Ratings Changes
Several brokerages recently commented on IIP.UN. Raymond James Financial downgraded shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and upped their price target for the company from C$13.25 to C$14.00 in a report on Wednesday, May 28th. Royal Bank Of Canada lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$14.50 to C$13.55 in a research report on Monday, June 9th. CIBC increased their price target on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Thursday, May 22nd. BMO Capital Markets raised their price target on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research note on Thursday, May 22nd. Finally, TD Securities downgraded InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and upped their price objective for the company from C$13.50 to C$14.00 in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$13.29.
Read Our Latest Report on IIP.UN
InterRent Real Estate Investment Trust Stock Down 0.2%
The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The stock has a market cap of C$1.99 billion, a P/E ratio of -672.00 and a beta of 1.13. The company's 50 day moving average price is C$12.56 and its two-hundred day moving average price is C$11.03.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider InterRent Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterRent Real Estate Investment Trust wasn't on the list.
While InterRent Real Estate Investment Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
