InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s stock price was up 14.7% on Tuesday . The company traded as high as C$13.79 and last traded at C$13.58. Approximately 5,854,143 shares changed hands during trading, an increase of 1,046% from the average daily volume of 510,753 shares. The stock had previously closed at C$11.84.
Wall Street Analyst Weigh In
Several equities research analysts have commented on IIP.UN shares. 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. Canaccord Genuity Group increased their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Scotiabank reduced their price target on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BMO Capital Markets increased 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, CIBC boosted their target price on shares of InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$13.03.
Read Our Latest Stock Analysis on IIP.UN
InterRent Real Estate Investment Trust Price Performance
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 business's 50-day moving average price is C$11.02 and its two-hundred day moving average price is C$10.50. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of -681.00 and a beta of 1.13.
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.
Recommended 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 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 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.
