InterRent Real Estate Investment Trust (IIP.UN) News Today

InterRent Real Estate Investment Trust (TSE:IIP.UN) has seen a sharp rally late last week but faces mixed signals from analysts that may be driving today’s share movement.

• Shares jumped approximately 14.7% on May 27, according to multiple MarketBeat reports, reflecting strong buying interest and momentum.
• Raymond James raised its 12-month price target to C$14.00 from C$13.25, highlighting increased upside potential.
• TD Securities lifted its price objective to C$14.00 from C$13.50, despite lowering its rating, suggesting a higher valuation anchor.
• National Bankshares set a C$13.55 price target and assigned a “sector perform” rating, indicating an in-line outlook with the broader REIT sector.
• TD Securities downgraded its rating on IIP.UN from “buy” to “hold,” trimming near-term enthusiasm.
• Raymond James cut its rating from “outperform” to “market perform,” signaling tempered expectations for outperformance.

Investors will likely balance the recent share price surge against the more cautious analyst ratings when assessing IIP.UN’s outlook.