TD Securities Lowers Interrent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$14.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price target lowered by stock analysts at TD Securities from C$15.00 to C$14.00 in a report released on Wednesday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 15.42% from the company’s current price.

Several other research firms also recently commented on IIP.UN. Scotiabank reduced their price target on shares of Interrent Real Estate Investment Trust from C$14.75 to C$14.25 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Raymond James boosted their price target on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.25 and gave the company a “strong-buy” rating in a report on Friday, March 1st. CIBC boosted their price target on shares of Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Royal Bank of Canada boosted their price target on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Laurentian set a C$15.00 price target on shares of Interrent Real Estate Investment Trust and gave the company a “buy” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.05.

Interrent Real Estate Investment Trust Trading Down 0.2 %

IIP.UN stock opened at C$12.13 on Wednesday. The company has a market capitalization of C$1.76 billion, a PE ratio of 18.95 and a beta of 1.08. Interrent Real Estate Investment Trust has a 12 month low of C$11.43 and a 12 month high of C$14.50. The firm’s 50-day moving average is C$13.36 and its 200 day moving average is C$12.97. The company has a debt-to-equity ratio of 66.88, a current ratio of 0.14 and a quick ratio of 0.04.

Interrent Real Estate Investment Trust Company Profile

InterRent REIT 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 strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.