InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) had its target price cut by analysts at Raymond James from C$14.00 to C$13.00 in a report released on Monday,BayStreet.CA reports. Raymond James' price target would indicate a potential upside of 29.10% from the stock's current price.
A number of other analysts also recently issued reports on the stock. National Bankshares boosted their price objective on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. Royal Bank of Canada reduced their price target on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. BMO Capital Markets lowered their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. Finally, TD Securities upgraded InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 target price for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$14.61.
Check Out Our Latest Research Report on IIP.UN
InterRent Real Estate Investment Trust Stock Performance
IIP.UN stock traded up C$0.02 during trading hours on Monday, hitting C$10.07. 394,858 shares of the stock were exchanged, compared to its average volume of 291,707. InterRent Real Estate Investment Trust has a 12 month low of C$9.91 and a 12 month high of C$14.50. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The firm has a market capitalization of C$1.49 billion, a P/E ratio of -503.50 and a beta of 1.13. The company has a 50-day simple moving average of C$10.51 and a two-hundred day simple moving average of C$11.76.
About InterRent Real Estate Investment Trust
(
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InterRent?REIT is a growth-oriented 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. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions.
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