CIBC Issues Positive Forecast for InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Price

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price objective lifted by CIBC from C$13.50 to C$14.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. National Bankshares downgraded shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$12.25 to C$11.75 in a research report on Monday, April 14th. Canaccord Genuity Group upped their price objective on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. TD Securities boosted their target price on shares of InterRent Real Estate Investment Trust from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Thursday. Scotiabank dropped their target price on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Raymond James boosted their target price on shares of InterRent Real Estate Investment Trust from C$12.75 to C$13.25 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.03.

InterRent Real Estate Investment Trust Trading Up 0.5%

Shares of IIP.UN stock opened at C$11.82 on Thursday. InterRent Real Estate Investment Trust has a 52-week low of C$9.40 and a 52-week high of C$13.20. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company has a 50-day simple moving average of C$10.97 and a two-hundred day simple moving average of C$10.49. The company has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -591.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Company Profile

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.