TD Securities Lowers 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 objective dropped by research analysts at TD Securities from C$15.00 to C$14.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 15.42% from the stock’s current price.

IIP.UN has been the subject of several other research reports. Royal Bank of Canada raised their price target on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price objective on shares of Interrent Real Estate Investment Trust from C$14.25 to C$15.00 in a research note on Monday, March 4th. National Bankshares lifted their price objective on shares of Interrent Real Estate Investment Trust from C$15.25 to C$15.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. Cormark lifted their price objective on shares of Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a research note on Friday, March 15th. Finally, Scotiabank reduced their price objective on shares of Interrent Real Estate Investment Trust from C$14.75 to C$14.25 and set an “outperform” rating for the company in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$15.05.

Interrent Real Estate Investment Trust Trading Down 0.2 %

Shares of IIP.UN stock opened at C$12.13 on Wednesday. The company has a 50 day moving average of C$13.36 and a 200-day moving average of C$12.97. The company has a quick ratio of 0.04, a current ratio of 0.14 and a debt-to-equity ratio of 66.88. Interrent Real Estate Investment Trust has a 12-month low of C$11.43 and a 12-month high of C$14.50. The firm has a market cap of C$1.76 billion, a P/E ratio of 18.95 and a beta of 1.08.

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.