InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Price Target Cut to C$17.00 by Analysts at National Bank Financial

InterRent Real Estate Investment Trust (OTCMKTS:IIPZFGet Rating) had its target price trimmed by National Bank Financial from C$19.00 to C$17.00 in a report published on Wednesday, The Fly reports.

A number of other equities analysts also recently commented on IIPZF. TD Securities cut their price objective on shares of InterRent Real Estate Investment Trust from C$21.00 to C$20.00 in a research report on Wednesday, March 9th. BMO Capital Markets upped their price objective on shares of InterRent Real Estate Investment Trust from C$20.00 to C$20.25 in a research report on Wednesday, March 9th. Canaccord Genuity Group cut their price objective on shares of InterRent Real Estate Investment Trust from C$19.50 to C$19.00 in a research report on Wednesday, April 6th. Royal Bank of Canada upped their price objective on shares of InterRent Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Wednesday, March 9th. Finally, Scotiabank reduced their price objective on shares of InterRent Real Estate Investment Trust from C$20.00 to C$19.50 in a research note on Wednesday, March 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, InterRent Real Estate Investment Trust presently has a consensus rating of Buy and an average price target of $19.48.

Shares of InterRent Real Estate Investment Trust stock opened at $11.25 on Wednesday. The company has a market cap of $1.58 billion, a P/E ratio of 5.43 and a beta of 0.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.13 and a current ratio of 0.13. InterRent Real Estate Investment Trust has a one year low of $11.25 and a one year high of $14.82. The firm has a fifty day moving average of $12.43 and a two-hundred day moving average of $13.02.

InterRent Real Estate Investment Trust Company Profile (Get Rating)

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.

Read More

The Fly logo

Analyst Recommendations for InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)

Receive News & Ratings for InterRent Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterRent Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.