InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZFGet Rating) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the firm, 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.73.

A number of equities analysts have commented on IIPZF shares. Royal Bank of Canada cut their price objective on shares of InterRent Real Estate Investment Trust from C$22.00 to C$20.00 in a research report on Wednesday, May 11th. BMO Capital Markets upped their price objective on shares of InterRent Real Estate Investment Trust from C$20.00 to C$20.25 in a research report on Wednesday, March 9th. Desjardins lowered their price target on shares of InterRent Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Thursday, March 10th. Scotiabank lowered their price target on shares of InterRent Real Estate Investment Trust from C$19.50 to C$17.50 in a research note on Wednesday, May 11th. Finally, National Bank Financial lowered their price target on shares of InterRent Real Estate Investment Trust from C$19.00 to C$17.00 in a research note on Wednesday, April 27th.

Shares of InterRent Real Estate Investment Trust stock opened at $9.54 on Friday. The company has a market cap of $1.34 billion, a P/E ratio of 4.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.17. InterRent Real Estate Investment Trust has a one year low of $9.54 and a one year high of $14.82. The firm has a fifty day moving average of $10.82 and a two-hundred day moving average of $12.11.

InterRent Real Estate Investment Trust Company Profile (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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