InterRent REIT (TSE:IIP) Cut to “Hold” at Desjardins

Desjardins cut shares of InterRent REIT (TSE:IIP) from a moderate buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

IIP has been the subject of several other research reports. Raymond James downgraded shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Cibc World Mkts downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Canaccord Genuity Group downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. TD Securities downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Finally, National Bank Financial downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 13th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

InterRent REIT Stock Performance

InterRent REIT has a 12 month low of C$7.31 and a 12 month high of C$10.19.

About InterRent REIT

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).