Interrent Real Estate Investment Trust (TSE:IIP.UN) Price Target Lowered to C$15.75 at Raymond James

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price target lowered by stock analysts at Raymond James from C$16.25 to C$15.75 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 30.27% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. TD Securities reduced their price target on shares of Interrent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Wednesday. Scotiabank reduced their target price on 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. Royal Bank of Canada upped their target price 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. Cormark lifted their price target on shares of Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a report on Friday, March 15th. Finally, CIBC upped their price objective 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 research note on Friday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$15.05.

Interrent Real Estate Investment Trust Price Performance

Shares of Interrent Real Estate Investment Trust stock traded down C$0.17 on Wednesday, hitting C$12.09. The company’s stock had a trading volume of 163,459 shares, compared to its average volume of 350,991. The company has a market capitalization of C$1.75 billion, a P/E ratio of 18.91 and a beta of 1.08. Interrent Real Estate Investment Trust has a 52-week low of C$11.43 and a 52-week high of C$14.50. The firm has a fifty day moving average price of C$13.42 and a 200-day moving average price of C$12.99. The company has a quick ratio of 0.04, a current ratio of 0.14 and a debt-to-equity ratio of 66.88.

About Interrent Real Estate Investment Trust

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.