Raymond James Forecasts Strong Price Appreciation for InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price objective raised by research analysts at Raymond James from C$12.75 to C$13.25 in a research note issued on Thursday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 13.54% from the company’s current price.

Several other analysts have also weighed in on the company. CIBC decreased their price target on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. National Bankshares downgraded shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$12.25 to C$11.75 in a research note on Monday, April 14th. 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 note on Thursday. Canaccord Genuity Group upped their price target 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 report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.03.

InterRent Real Estate Investment Trust Stock Performance

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

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.