InterRent Real Estate Investment Trust (TSE:IIP.UN - Free Report) had its price objective lifted by BMO Capital Markets from C$11.50 to C$12.50 in a report published on Thursday morning,BayStreet.CA reports.
Other analysts have also issued research reports about the company. CIBC increased their price objective on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their price objective 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. Scotiabank dropped their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. National Bankshares lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$12.25 to C$11.75 in a research note on Monday, April 14th. Finally, Raymond James raised their price target on InterRent Real Estate Investment Trust from C$12.75 to C$13.25 in a research note on Thursday, May 22nd. One investment 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 an average rating of "Moderate Buy" and an average target price of C$13.03.
Check Out Our Latest Analysis on IIP.UN
InterRent Real Estate Investment Trust Price Performance
TSE IIP.UN traded up C$1.78 on Thursday, reaching C$13.62. 6,362,002 shares of the company's stock traded hands, compared to its average volume of 515,889. InterRent Real Estate Investment Trust has a 12 month low of C$9.40 and a 12 month high of C$13.79. 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 simple moving average of C$11.02 and a 200 day simple moving average of C$10.50. The stock has a market cap of C$2.01 billion, a PE ratio of -681.00 and a beta of 1.13.
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.
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