InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$13.29.

A number of analysts have issued reports on the stock. TD Securities cut shares of InterRent Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from C$13.50 to C$14.00 in a research note on Wednesday, May 28th. Scotiabank reduced their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. CIBC boosted their price target on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research report on Thursday, May 22nd. BMO Capital Markets boosted their price target on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research report on Thursday, May 22nd. Finally, Raymond James cut InterRent Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$13.25 to C$14.00 in a research report on Wednesday, May 28th.

InterRent Real Estate Investment Trust Stock Performance

Shares of TSE IIP.UN opened at C$13.57 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The stock has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -678.50 and a beta of 1.13. The stock’s fifty day simple moving average is C$11.74 and its 200 day simple moving average is C$10.77. InterRent Real Estate Investment Trust has a 52-week low of C$9.40 and a 52-week high of C$13.80.

About InterRent Real Estate Investment Trust

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.