Royal Bank of Canada Increases Interrent Real Estate Investment Trust (IIP.UN) Price Target to C$13.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price target lifted by Royal Bank of Canada from C$12.00 to C$13.00 in a research note published on Wednesday. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the stock. CIBC raised their price target on shares of Interrent Real Estate Investment Trust from C$11.50 to C$13.00 in a report on Wednesday. Desjardins raised their price target on shares of Interrent Real Estate Investment Trust from C$12.50 to C$13.50 in a report on Wednesday. Canaccord Genuity raised their price target on shares of Interrent Real Estate Investment Trust from C$12.00 to C$13.50 in a report on Monday, October 29th. TD Securities raised their price target on shares of Interrent Real Estate Investment Trust from C$12.50 to C$14.00 and gave the company a buy rating in a report on Wednesday. Finally, BMO Capital Markets raised their price target on shares of Interrent Real Estate Investment Trust from C$11.75 to C$12.50 and gave the company an outperform rating in a report on Monday, August 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$13.19.

Shares of TSE IIP.UN opened at C$12.75 on Wednesday. Interrent Real Estate Investment Trust has a 52-week low of C$7.31 and a 52-week high of C$10.19.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, October 30th.

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

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