InterRent Real Estate Investment Trust (TSE:IIP.UN) Rating Lowered to “Sector Perform” at National Bankshares

InterRent Real Estate Investment Trust (TSE:IIP.UN) was downgraded by research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued on Monday,BayStreet.CA reports. They currently have a C$11.75 price target on the real estate investment trust’s stock, down from their previous price target of C$12.25. National Bankshares’ price target indicates a potential upside of 15.42% from the company’s previous close.

Several other research firms have also issued reports on IIP.UN. Raymond James reduced their target price on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Canaccord Genuity Group raised their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Wednesday, February 26th. CIBC dropped their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Scotiabank reduced their price target on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.13.

InterRent Real Estate Investment Trust Trading Up 1.2 %

Shares of TSE:IIP.UN opened at C$10.18 on Monday. The business’s 50 day simple moving average is C$10.33 and its 200 day simple moving average is C$10.66. InterRent Real Estate Investment Trust has a 1 year low of C$9.40 and a 1 year high of C$13.20. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The company has a market capitalization of C$1.51 billion, a P/E ratio of -509.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.