InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Given Consensus Rating of “Moderate Buy” by Analysts
Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Rating) have been assigned an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month objective price among analysts that have issued ratings on the stock in the last year is $18.15.
IIPZF has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their target price on InterRent Real Estate Investment Trust from C$18.00 to C$17.25 and set a “buy” rating for the company in a report on Wednesday, May 11th. Scotiabank decreased their price objective on InterRent Real Estate Investment Trust from C$19.50 to C$17.50 in a research note on Wednesday, May 11th. Raymond James decreased their price objective on InterRent Real Estate Investment Trust from C$18.25 to C$16.25 in a research note on Friday, August 12th. TD Securities cut their target price on InterRent Real Estate Investment Trust from C$20.00 to C$18.00 in a research report on Wednesday, May 11th. Finally, Royal Bank of Canada cut their price target on InterRent Real Estate Investment Trust from C$22.00 to C$20.00 in a research report on Wednesday, May 11th.
InterRent Real Estate Investment Trust Stock Up 0.2%
InterRent Real Estate Investment Trust stock opened at $10.10 on Wednesday. InterRent Real Estate Investment Trust has a fifty-two week low of $8.90 and a fifty-two week high of $14.82. The firm has a 50 day moving average price of $9.81 and a 200 day moving average price of $10.94. The company has a debt-to-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 Profile
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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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