InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Receives Average Rating of “Moderate Buy” from Brokerages
Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Rating) have earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $18.73.
Several brokerages have commented on IIPZF. Raymond James cut their target price on InterRent Real Estate Investment Trust from C$20.25 to C$18.25 in a report on Wednesday, May 11th. Canaccord Genuity Group cut their target price on InterRent Real Estate Investment Trust from C$18.00 to C$17.25 and set a “buy” rating on the stock in a report on Wednesday, May 11th. TD Securities cut their target price on InterRent Real Estate Investment Trust from C$20.00 to C$18.00 in a report on Wednesday, May 11th. Scotiabank cut their target price on InterRent Real Estate Investment Trust from C$19.50 to C$17.50 in a report on Wednesday, May 11th. Finally, National Bank Financial cut their target price on InterRent Real Estate Investment Trust from C$19.00 to C$17.00 in a report on Wednesday, April 27th.
OTCMKTS IIPZF opened at $9.25 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.58. InterRent Real Estate Investment Trust has a twelve month low of $8.92 and a twelve month high of $14.82. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 4.60 and a beta of 0.48. The business’s fifty day moving average is $9.99 and its 200 day moving average is $11.63.
About InterRent Real Estate Investment Trust (Get Rating)
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.
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