Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) 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.
Read Our Latest Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Performance
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.
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