Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Rating) have been assigned an average rating of ‘pending’ by the 10 brokerage firms that cover the shares, Marketbeat.com reports. Two analysts rated the stock with a hold rating and one gave the company a buy rating. His 12-month price target average for analysts who issued stock ratings last year is $18.15.
IIPZF has been the subject of many recent research reports. Canaccord Genuity Group has lowered InterRent Real Estate Investment Trust’s target price from C$18.00 to C$17.25, giving the company a ‘Buy’ rating in its Wednesday, May 11 report. Scotiabank lowered InterRent Real Estate Investment Trust’s price target from C$19.50 to C$17.50 in a research note on Wednesday 11 May. Raymond James lowered InterRent Real Estate Investment Trust’s price target to C$16.25 from his C$18.25 in a research note on Friday, August 12. TD Securities lowered InterRent Real Estate Investment Trust’s target price from C$20.00 to C$18.00 in a research report on Wednesday, May 11th. Finally, the Royal Bank of Canada lowered InterRent Real Estate Investment Trust’s price target from C$22.00 to C$20.00 in a research report on Wednesday, May 11.
InterRent real estate investment trust stock up 0.2%
Shares of InterRent Real Estate Investment Trust opened Wednesday at $10.10. InterRent Real Estate Investment Trust has a 52-week low of $8.90 and a 52-week high of $14.82. The company has a 50-day moving average price of $9.81 and a 200-day moving average price of $10.94. The company has an equity ratio of 0.58, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.43 billion, a PE ratio of 4.86 and a beta of 0.53.
Interrent Real Estate Investment Trust Company Overview
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InterRent REIT is a growth-oriented real estate investment trust committed to enhancing unitholder value and creating a sustainable, growing distribution through the acquisition and ownership of multifamily properties. InterRent’s strategy is to provide sufficient suites to achieve the critical mass necessary to implement stable market vacancies, an efficient portfolio management structure, and primarily portfolio within a market that offers increasing acquisition opportunities. is to expand
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