InterRent Real Estate Investment Trust (TSE:IIP.UN) Rating Lowered to Sector Perform at National Bankshares

InterRent Real Estate Investment Trust (TSE:IIP.UN) was downgraded by analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Monday,BayStreet.CA reports. They presently have a C$11.75 price objective on the real estate investment trust’s stock, down from their previous price objective of C$12.25. National Bankshares’ price target would suggest a potential upside of 16.22% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Raymond James lowered their price target on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Scotiabank dropped their price objective on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada decreased their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, CIBC dropped their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, InterRent Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

InterRent Real Estate Investment Trust Trading Up 1.1 %

TSE IIP.UN traded up C$0.11 during trading on Monday, hitting C$10.11. The stock had a trading volume of 290,123 shares, compared to its average volume of 505,320. The company has a market capitalization of C$1.50 billion, a PE ratio of -505.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a twelve month low of C$9.40 and a twelve month high of C$13.20. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The firm has a 50 day moving average price of C$10.33 and a 200 day moving average price of C$10.70.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.