InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$13.29 Consensus Price Target from Brokerages

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$13.29.

A number of equities research analysts have recently weighed in on the stock. CIBC lifted their target price on shares of InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research note on Thursday, May 22nd. Raymond James Financial downgraded InterRent Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$13.25 to C$14.00 in a report on Wednesday, May 28th. Scotiabank lowered their price objective on 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. Royal Bank Of Canada downgraded shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$14.50 to C$13.55 in a report on Monday, June 9th. Finally, Canaccord Genuity Group raised their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.

InterRent Real Estate Investment Trust Stock Performance

Shares of IIP.UN stock opened at C$13.57 on Monday. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -678.50 and a beta of 1.13. The stock has a fifty day moving average of C$11.87 and a 200 day moving average of C$10.81. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$13.80. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

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.