InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) shares rose 14.6% on Tuesday . The stock traded as high as C$13.79 and last traded at C$13.57. Approximately 2,267,751 shares changed hands during mid-day trading, an increase of 392% from the average daily volume of 461,079 shares. The stock had previously closed at C$11.84.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on IIP.UN shares. Royal Bank of Canada cut 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 report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a report on Wednesday, February 26th. National Bankshares set a C$13.55 price target on InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a report on Wednesday. BMO Capital Markets lifted their price target on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a report on Thursday, May 22nd. Finally, Scotiabank cut 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 report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, InterRent Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$13.41.
Get Our Latest Analysis on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Trading Up 0.3%
The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of -685.50 and a beta of 1.13. The business's 50-day simple moving average is C$11.12 and its 200-day simple moving average is C$10.54.
About InterRent Real Estate Investment Trust
(
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.
See Also
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 Moderate Buy 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 ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
