InterRent REIT (TSE:IIP) Cut to “Strong Sell” at TD Securities

TD Securities cut shares of InterRent REIT (TSE:IIP) from a hold rating to a strong sell rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on IIP. National Bank Financial lowered shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 13th. Cibc World Mkts lowered shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 27th. Raymond James Financial downgraded shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Desjardins downgraded shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 2nd. Finally, Canaccord Genuity Group downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

InterRent REIT Price Performance

InterRent REIT has a 52-week low of C$7.31 and a 52-week 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).