National Bank Financial Downgrades Interrent Real Estate Investment Trust (IIP) to Sector Perform Under Weight

Interrent Real Estate Investment Trust (TSE:IIP) was downgraded by research analysts at National Bank Financial from an “outperfrom under weight” rating to a “sector perform under weight” rating in a report released on Monday. National Bank Financial also issued estimates for Interrent Real Estate Investment Trust’s Q4 2017 earnings at $0.12 EPS and FY2019 earnings at $0.49 EPS.

Shares of Interrent Real Estate Investment Trust (IIP) opened at C$8.82 on Monday. Interrent Real Estate Investment Trust has a fifty-two week low of C$7.31 and a fifty-two week high of C$9.77. The stock has a market cap of $739.41, a PE ratio of 4.10 and a beta of 0.38.

Interrent Real Estate Investment Trust (TSE:IIP) last announced its quarterly earnings results on Tuesday, November 14th. The company reported C$1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$1.22. Interrent Real Estate Investment Trust had a net margin of 399.68% and a return on equity of 62.76%.

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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).

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