InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) had its target price lifted by investment analysts at CIBC from C$13.50 to C$14.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 2.79% from the company's previous close.
Several other research analysts also recently weighed in on the company. National Bankshares downgraded 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. TD Securities upped their price target on InterRent Real Estate Investment Trust from C$13.00 to C$13.50 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. 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. Raymond James upped 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. Finally, Royal Bank of Canada dropped their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.03.
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InterRent Real Estate Investment Trust Stock Performance
Shares of TSE:IIP.UN traded up C$1.78 during mid-day trading on Thursday, reaching C$13.62. 6,362,002 shares of the company traded hands, compared to its average volume of 515,889. The company's 50 day moving average price is C$11.02 and its 200-day moving average price is C$10.50. The firm has a market cap of C$2.01 billion, a PE ratio of -681.00 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 has a 52 week low of C$9.40 and a 52 week high of C$13.79.
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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