Interrent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) had its price target cut by equities research analysts at TD Securities from C$15.00 to C$14.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. TD Securities' target price would suggest a potential upside of 15.23% from the company's current price.
Other analysts have also recently issued research reports about the company. Laurentian set a C$15.00 price objective on Interrent Real Estate Investment Trust and gave the company a "buy" rating in a research note on Monday, January 22nd. CIBC lifted their price objective on shares of Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. Scotiabank dropped their target price on shares of Interrent Real Estate Investment Trust from C$14.75 to C$14.25 and set an "outperform" rating on the stock in a report on Monday, March 25th. National Bankshares lifted their price target on shares of Interrent Real Estate Investment Trust from C$15.25 to C$15.50 and gave the company an "outperform" rating in a report on Friday, March 1st. Finally, Royal Bank of Canada increased their price objective on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an "outperform" rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$15.05.
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Interrent Real Estate Investment Trust Stock Down 0.9 %
IIP.UN stock traded down C$0.11 during mid-day trading on Wednesday, hitting C$12.15. 269,343 shares of the company were exchanged, compared to its average volume of 352,342. The firm has a fifty day simple moving average of C$13.42 and a 200 day simple moving average of C$12.99. The company has a market capitalization of C$1.76 billion, a PE ratio of 18.89 and a beta of 1.08. Interrent Real Estate Investment Trust has a twelve month low of C$11.43 and a twelve month high of C$14.50. The company has a current ratio of 0.14, a quick ratio of 0.04 and a debt-to-equity ratio of 66.88.
About Interrent Real Estate Investment Trust
(
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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.
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