TD Securities Cuts 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 research analysts at TD Securities from C$15.00 to C$14.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 15.80% from the company’s current price.

Several other research analysts also recently commented on IIP.UN. Cormark lifted their price objective on Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a report on Friday, March 15th. Raymond James boosted their price objective on Interrent Real Estate Investment Trust from C$16.00 to C$16.25 and gave the company a “strong-buy” rating in a research report on Friday, March 1st. Scotiabank cut their target price 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 report on Monday, March 25th. 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. Finally, National Bankshares raised their price target on shares of Interrent Real Estate Investment Trust from C$15.25 to C$15.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Interrent Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$15.05.

Interrent Real Estate Investment Trust Trading Down 1.4 %

TSE:IIP.UN traded down C$0.17 during trading hours on Wednesday, reaching 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 debt-to-equity ratio of 66.88, a quick ratio of 0.04 and a current ratio of 0.14. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 18.89 and a beta of 1.08. The firm has a 50-day simple moving average of C$13.42 and a 200-day simple moving average of C$12.99. Interrent Real Estate Investment Trust has a 1 year low of C$11.43 and a 1 year high of C$14.50.

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.