Interrent Real Estate Investment Trust (IIP.UN) Price Target Increased to C$13.50 by Analysts at BMO Capital Markets

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price objective raised by BMO Capital Markets from C$12.50 to C$13.50 in a report published on Thursday morning.

IIP.UN has been the subject of several other research reports. Desjardins raised their price target on Interrent Real Estate Investment Trust from C$12.50 to C$13.50 in a report on Wednesday. Raymond James raised their price target on Interrent Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a strong-buy rating in a report on Wednesday. Royal Bank of Canada raised their price target on Interrent Real Estate Investment Trust from C$11.50 to C$12.00 and gave the stock an outperform rating in a report on Wednesday, August 15th. TD Securities raised their price target on Interrent Real Estate Investment Trust from C$12.50 to C$14.00 and gave the stock a buy rating in a report on Wednesday. Finally, CIBC raised their price target on Interrent Real Estate Investment Trust from C$11.50 to C$13.00 in a report on Wednesday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Interrent Real Estate Investment Trust has a consensus rating of Buy and an average target price of C$13.19.

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

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be paid a $0.0225 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, October 30th.

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).

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

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