Interrent Real Estate Investment Trust (IIP.UN) Receives C$10.39 Consensus Target Price from Analysts

Interrent Real Estate Investment Trust (TSE:IIP.UN) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$10.39.

IIP.UN has been the subject of a number of recent research reports. Canaccord Genuity upped their target price on Interrent Real Estate Investment Trust from C$10.50 to C$11.00 in a research note on Thursday, February 8th. CIBC increased their price objective on Interrent Real Estate Investment Trust from C$8.50 to C$9.00 in a research note on Wednesday, November 15th. Desjardins dropped their price objective on Interrent Real Estate Investment Trust from C$10.00 to C$9.00 in a research note on Wednesday, November 15th. Royal Bank of Canada increased their price objective on Interrent Real Estate Investment Trust from C$8.75 to C$9.50 in a research note on Wednesday, November 15th. Finally, BMO Capital Markets increased their price objective on Interrent Real Estate Investment Trust from C$10.00 to C$10.50 in a research note on Friday, February 23rd.

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Shares of Interrent Real Estate Investment Trust (TSE IIP.UN) traded up C$0.02 during midday trading on Friday, hitting C$9.99. The company had a trading volume of 197,347 shares, compared to its average volume of 190,529. The firm has a market capitalization of $837.50, a price-to-earnings ratio of 4.25 and a beta of 0.35. Interrent Real Estate Investment Trust has a twelve month low of C$7.31 and a twelve month high of C$10.19.

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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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