Interrent Real Estate Investment Trust (TSE:IIP.UN) Upgraded at Raymond James Financial

Interrent Real Estate Investment Trust (TSE:IIP.UN) was upgraded by Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Monday, January 8th.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity raised their price target on Interrent Real Estate Investment Trust from C$9.50 to C$10.50 in a research report on Wednesday, November 15th. CIBC raised their price target on Interrent Real Estate Investment Trust from C$8.50 to C$9.00 in a research report on Wednesday, November 15th. Desjardins decreased their price objective on Interrent Real Estate Investment Trust from C$10.00 to C$9.00 in a report on Wednesday, November 15th. Royal Bank of Canada raised their price objective on Interrent Real Estate Investment Trust from C$8.75 to C$9.50 in a report on Wednesday, November 15th. Finally, TD Securities raised their price objective on Interrent Real Estate Investment Trust from C$9.00 to C$10.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$9.37.

Interrent Real Estate Investment Trust (TSE IIP.UN) traded down C$0.13 during midday trading on Monday, reaching C$9.25. The company had a trading volume of 124,064 shares, compared to its average volume of 112,095. The stock has a market cap of $775.46, a P/E ratio of 4.30 and a beta of 0.48. Interrent Real Estate Investment Trust has a 12-month low of C$7.31 and a 12-month high of C$9.77.

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About Interrent Real Estate Investment Trust

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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