TD Securities Trims InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Target Price to C$18.00

InterRent Real Estate Investment Trust (OTCMKTS:IIPZFGet Rating) had its price target decreased by stock analysts at TD Securities from C$20.00 to C$18.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. 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. Scotiabank reduced their price objective on shares of InterRent Real Estate Investment Trust from C$20.00 to C$19.50 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. National Bank Financial reduced their target price on shares of InterRent Real Estate Investment Trust from C$19.00 to C$17.00 in a research report on Wednesday, April 27th. Finally, Canaccord Genuity Group reduced their target price on shares of InterRent Real Estate Investment Trust from C$19.50 to C$19.00 in a research report on Wednesday, April 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $19.28.

Shares of IIPZF remained flat at $$9.84 on Wednesday. 1 shares of the company were exchanged, compared to its average volume of 868. InterRent Real Estate Investment Trust has a 12 month low of $9.84 and a 12 month high of $14.82. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $12.08 and a two-hundred day moving average of $12.82. The firm has a market cap of $1.38 billion, a PE ratio of 4.75 and a beta of 0.43.

About InterRent Real Estate Investment Trust (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.

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