InterRent REIT (TSE:IIP.UN) had its price objective hoisted by Scotiabank from C$11.00 to C$11.75 in a report released on Tuesday morning. The firm currently has an outperform rating on the real estate investment trust’s stock.
A number of other analysts also recently commented on IIP.UN. National Bank Financial set a C$9.85 price objective on InterRent REIT and gave the stock an outperform rating in a report on Thursday, February 8th. Canaccord Genuity upped their price objective on InterRent REIT from C$10.50 to C$11.00 in a report on Thursday, February 8th. Royal Bank of Canada upgraded InterRent REIT from a sector perform rating to an outperform rating and upped their price objective for the stock from C$9.50 to C$10.00 in a report on Wednesday, February 14th. TD Securities upped their price objective on InterRent REIT from C$10.50 to C$11.00 and gave the stock a buy rating in a report on Friday, February 23rd. Finally, Desjardins upped their price objective on InterRent REIT from C$10.75 to C$11.00 in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$11.15.
IIP.UN stock opened at C$10.90 on Tuesday. InterRent REIT has a 52 week low of C$7.31 and a 52 week high of C$10.19.
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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