Interrent Real Estate Investment Trust (IIP.UN) Upgraded to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) from an outperform rating to a strong-buy rating in a report released on Monday.

Several other research firms also recently issued reports on IIP.UN. BMO Capital Markets restated an outperform rating and issued a C$10.00 price objective on shares of Interrent Real Estate Investment Trust in a research note on Wednesday, November 15th. TD Securities increased their target price on shares of Interrent Real Estate Investment Trust from C$9.00 to C$10.00 and gave the stock a buy rating in a research note on Wednesday, November 15th. National Bank Financial increased their target price on shares of Interrent Real Estate Investment Trust from C$9.00 to C$9.50 and gave the stock an outperform rating in a research note on Wednesday, November 15th. Canaccord Genuity increased their target price on shares of Interrent Real Estate Investment Trust from C$9.50 to C$10.50 in a research note on Wednesday, November 15th. Finally, CIBC increased their target price on shares of Interrent Real Estate Investment Trust from C$8.50 to C$9.00 in a research note on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Interrent Real Estate Investment Trust presently has a consensus rating of Buy and a consensus target price of C$9.37.

Interrent Real Estate Investment Trust (TSE IIP.UN) opened at C$9.46 on Monday. Interrent Real Estate Investment Trust has a 12 month low of C$7.14 and a 12 month high of C$9.64. The stock has a market cap of $793.07, a price-to-earnings ratio of 4.40 and a beta of 0.48.

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Interrent Real Estate Investment Trust 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).

Analyst Recommendations for Interrent Real Estate Investment Trust (TSE:IIP.UN)

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