InterRent Real Estate Investment Trust (TSE:IIP.UN) Downgraded by National Bankshares to Sector Perform

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) was downgraded by stock analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a report released on Monday,BayStreet.CA reports. They currently have a C$11.75 target price on the real estate investment trust's stock, down from their previous target price of C$12.25. National Bankshares' price target would suggest a potential upside of 10.54% from the company's previous close.

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

InterRent Real Estate Investment Trust Trading Up 0.3 %

Shares of IIP.UN traded up C$0.03 during trading hours on Monday, hitting C$10.63. The stock had a trading volume of 340,538 shares, compared to its average volume of 507,747. The firm has a market cap of C$1.57 billion, a P/E ratio of -531.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company's fifty day simple moving average is C$10.36 and its 200 day simple moving average is C$10.62. InterRent Real Estate Investment Trust has a 12-month low of C$9.40 and a 12-month high of C$13.20.

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.