Interrent Real Estate Investment Trust (TSE:IIP.UN) PT Lowered to C$15.75 at Raymond James

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price target decreased by stock analysts at Raymond James from C$16.25 to C$15.75 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ target price would indicate a potential upside of 29.84% from the stock’s current price.

A number of other brokerages also recently commented on IIP.UN. TD Securities decreased 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 reaffirmed a “reduce” rating on shares of Interrent Real Estate Investment Trust in a research report on Friday, March 1st. Cormark increased their price target on Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a research report on Friday, March 15th. BMO Capital Markets increased their price target on Interrent Real Estate Investment Trust from C$14.25 to C$15.00 in a research report on Monday, March 4th. Finally, CIBC increased their price target on Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Interrent Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$15.05.

Interrent Real Estate Investment Trust Stock Performance

Shares of Interrent Real Estate Investment Trust stock opened at C$12.13 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.14 and a debt-to-equity ratio of 66.88. The company has a market cap of C$1.76 billion, a PE ratio of 18.95 and a beta of 1.08. The business has a 50 day moving average price of C$13.36 and a 200-day moving average price of C$12.97. Interrent Real Estate Investment Trust has a 52 week low of C$11.43 and a 52 week high of C$14.50.

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.