Interrent Real Estate Investment Trust (IIP.UN) PT Raised to C$10.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price objective increased by analysts at TD Securities from C$9.00 to C$10.00 in a note issued to investors on Wednesday, November 15th. The firm currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ target price would suggest a potential upside of 12.74% from the stock’s previous close.

A number of other research firms also recently issued reports on IIP.UN. National Bank Financial lifted their price objective on shares of Interrent Real Estate Investment Trust from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a report on Wednesday, November 15th. Canaccord Genuity lifted their price objective on shares of Interrent Real Estate Investment Trust from C$9.50 to C$10.50 in a report on Wednesday, November 15th. CIBC lifted their price objective on shares of Interrent Real Estate Investment Trust from C$8.50 to C$9.00 in a report on Wednesday, November 15th. Desjardins dropped their price objective on shares of Interrent Real Estate Investment Trust from C$10.00 to C$9.00 in a report on Wednesday, November 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Interrent Real Estate Investment Trust from C$8.75 to C$9.50 in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$9.37.

Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) opened at C$8.87 on Wednesday. Interrent Real Estate Investment Trust has a fifty-two week low of C$6.98 and a fifty-two week high of C$8.98.

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Interrent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).

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