InterRent REIT (TSE:IIP) Receives Consensus Rating of “Reduce” from Brokerages

Shares of InterRent REIT (TSE:IIP) have been given a consensus recommendation of “Reduce” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

Several analysts have issued reports on IIP shares. Cibc World Mkts downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 27th. TD Securities downgraded shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a research note on Monday, July 14th. Raymond James Financial downgraded shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Desjardins downgraded shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Finally, Canaccord Genuity Group downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th.

InterRent REIT Price Performance

InterRent REIT has a 12 month low of C$7.31 and a 12 month high of C$10.19.

About InterRent REIT

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).