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InterRent Real Estate Investment Trust (TSE:IIP.UN – Free Report) had its target price lifted by CIBC from C$13.50 to C$14.00 in a research note released on Thursday,BayStreet.CA reports.
Several other analysts have also commented on IIP.UN. Canaccord Genuity Group increased their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Raymond James lifted their price target on shares of InterRent Real Estate Investment Trust from C$12.75 to C$13.25 in a research report on Thursday. TD Securities lifted their price target on shares of InterRent Real Estate Investment Trust from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada decreased 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 research report on Wednesday, February 26th. Finally, National Bankshares lowered shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$12.25 to C$11.75 in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, InterRent Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average price target of C$13.03.
Get Our Latest Stock Analysis on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Price Performance
Shares of TSE IIP.UN opened at C$11.67 on Thursday. InterRent Real Estate Investment Trust has a twelve month low of C$9.40 and a twelve month high of C$13.20. 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 50-day moving average of C$11.00 and a two-hundred day moving average of C$10.50. The company has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -583.50 and a beta of 1.13.
About InterRent Real Estate Investment Trust
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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