InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Price Expected to Rise, TD Securities Analyst Says

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price objective boosted by equities research analysts at TD Securities from C$13.00 to C$13.50 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price target suggests a potential upside of 15.68% from the company’s previous close.

IIP.UN has been the topic of several other research reports. Royal Bank of Canada cut their target price 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. Raymond James cut their price target on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. National Bankshares cut shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$12.25 to C$11.75 in a research report on Monday, April 14th. Scotiabank dropped their target price on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, CIBC cut their target price 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 note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, InterRent Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of C$13.03.

InterRent Real Estate Investment Trust Price Performance

IIP.UN opened at C$11.67 on Thursday. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The stock’s 50 day simple moving average is C$11.00 and its 200 day simple moving average is C$10.50. The firm has a market cap of C$1.73 billion, a price-to-earnings ratio of -583.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 1 year low of C$9.40 and a 1 year 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.