InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target Increased to C$14.50 by Analysts at Scotiabank

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) had its price objective increased by analysts at Scotiabank from C$14.25 to C$14.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Scotiabank's target price would suggest a potential upside of 17.50% from the company's previous close.

IIP.UN has been the topic of several other research reports. Raymond James lowered their price objective on shares of InterRent Real Estate Investment Trust from C$16.25 to C$15.75 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 24th. Veritas Investment Research reissued a "reduce" rating on shares of InterRent Real Estate Investment Trust in a report on Friday, March 1st. National Bankshares lowered their target price on InterRent Real Estate Investment Trust from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 24th. TD Securities decreased their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Wednesday, April 24th. Finally, CIBC upped their price objective on shares of InterRent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the company a "neutral" rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$15.07.

InterRent Real Estate Investment Trust Stock Up 0.7 %

TSE:IIP.UN traded up C$0.09 during trading hours on Wednesday, hitting C$12.34. 172,401 shares of the company traded hands, compared to its average volume of 339,463. The company has a quick ratio of 0.04, a current ratio of 0.51 and a debt-to-equity ratio of 65.36. The company has a market cap of C$1.79 billion, a PE ratio of 51.42 and a beta of 1.10. The firm's 50-day simple moving average is C$12.85 and its 200-day simple moving average is C$12.94. InterRent Real Estate Investment Trust has a one year low of C$11.43 and a one year high of C$14.50.

About InterRent Real Estate Investment Trust

InterRent REIT is a growth-oriented 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. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.