Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 research analysts recently weighed in on IIP.UN shares. Royal Bank Of Canada lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$14.50 to C$13.55 in a research report on Monday, June 9th. Raymond James Financial downgraded InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from C$13.25 to C$14.00 in a research note on Wednesday, May 28th. National Bankshares set a C$13.55 target price on InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a research note on Wednesday, May 28th. CIBC lifted their price target on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Thursday, May 22nd. Finally, TD Securities cut InterRent Real Estate Investment Trust from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$13.50 to C$14.00 in a report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$13.29.
Get Our Latest Analysis on IIP.UN
InterRent Real Estate Investment Trust Price Performance
The stock's 50-day moving average price is C$12.66 and its 200 day moving average price is C$11.09. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of -671.50 and a beta of 1.13. 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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