Interrent Real Estate Investment Trust (IIP.UN) PT Raised to C$14.50 at National Bank Financial

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price increased by National Bank Financial from C$14.00 to C$14.50 in a report published on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Desjardins raised their price target on Interrent Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Wednesday, February 27th. Raymond James restated an average rating and set a C$14.00 price target on shares of Interrent Real Estate Investment Trust in a research note on Tuesday, January 8th. Laurentian raised their price target on Interrent Real Estate Investment Trust from C$14.00 to C$15.50 and gave the company a buy rating in a research note on Wednesday, February 27th. TD Securities raised their price target on Interrent Real Estate Investment Trust from C$14.00 to C$15.50 and gave the company a buy rating in a research note on Wednesday, February 27th. Finally, Canaccord Genuity lowered Interrent Real Estate Investment Trust from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$14.28.

Shares of Interrent Real Estate Investment Trust stock opened at C$13.51 on Wednesday. The firm has a market cap of $1.43 billion and a PE ratio of 7.33. The company has a debt-to-equity ratio of 71.20, a quick ratio of 0.06 and a current ratio of 0.12. Interrent Real Estate Investment Trust has a 12 month low of C$7.31 and a 12 month high of C$10.19.

About Interrent Real Estate Investment Trust

InterRentREIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's primary objective is to use the proven industry experience of the Trustees, Management and Operational Team to: (i)Unitholders with stable and growing cash distributions from investments in a diversified portfolio of multi-residential properties; (ii)enhance the value of the assets and maximize long-term Unit value through the active management of such assets; and (iii)expand the asset base and increase Distributable Income through accretive acquisitions.

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

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