Interrent Real Estate Investment Trust (TSE:IIP.UN) Price Target Cut to C$14.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price reduced by stock analysts at National Bankshares from C$15.50 to C$14.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective indicates a potential upside of 15.42% from the company’s previous close.

A number of other research analysts also recently commented on IIP.UN. 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 research note on Friday, March 1st. Laurentian set a C$15.00 target price on Interrent Real Estate Investment Trust and gave the company a “buy” rating in a research note on Monday, January 22nd. TD Securities dropped their price target on Interrent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Wednesday. Veritas Investment Research reissued a “reduce” rating on shares of Interrent Real Estate Investment Trust in a research note on Friday, March 1st. Finally, Royal Bank of Canada raised their target price on Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Interrent Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$15.05.

Interrent Real Estate Investment Trust Trading Down 0.2 %

TSE:IIP.UN opened at C$12.13 on Wednesday. The company has a market capitalization of C$1.76 billion, a PE ratio of 18.95 and a beta of 1.08. The company has a quick ratio of 0.04, a current ratio of 0.14 and a debt-to-equity ratio of 66.88. Interrent Real Estate Investment Trust has a 52-week low of C$11.43 and a 52-week high of C$14.50. The stock has a fifty day simple moving average of C$13.36 and a 200-day simple moving average of C$12.97.

Interrent Real Estate Investment Trust Company Profile

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.