InterRent REIT (TSE:IIP) Receives Consensus Rating of “Reduce” from Analysts

InterRent REIT (TSE:IIP) has earned a consensus recommendation of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

IIP has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered InterRent REIT from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 9th. Cibc World Mkts lowered InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Raymond James Financial lowered InterRent REIT from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Desjardins lowered InterRent REIT from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Finally, TD Securities lowered InterRent REIT from a “hold” rating to a “strong sell” rating in a research report on Monday, July 14th.

InterRent REIT Price Performance

InterRent REIT has a 52 week low of C$7.31 and a 52 week high of C$10.19.

InterRent REIT Company Profile

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).