Interrent Real Estate Investment Trust (IIP.UN) Price Target Raised to C$14.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price hoisted by National Bank Financial from C$13.00 to C$14.00 in a research note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s target price indicates a potential upside of 1.38% from the stock’s current price.

IIP.UN has been the subject of several other research reports. Desjardins boosted their price objective on shares of Interrent Real Estate Investment Trust from C$12.50 to C$13.50 in a research report on Wednesday, October 31st. Raymond James boosted their price objective on shares of Interrent Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. Royal Bank of Canada downgraded shares of Interrent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$13.00 to C$13.50 in a research report on Thursday, January 3rd. TD Securities boosted their price objective on shares of Interrent Real Estate Investment Trust from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, CIBC boosted their price objective on shares of Interrent Real Estate Investment Trust from C$11.50 to C$13.00 in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$13.42.

Shares of TSE:IIP.UN opened at C$13.81 on Tuesday. The company has a market cap of $1.46 billion and a PE ratio of 7.49. The company has a quick ratio of 0.06, a current ratio of 0.12 and a debt-to-equity ratio of 71.20. Interrent Real Estate Investment Trust has a twelve month low of C$7.31 and a twelve month high of C$10.19.

About Interrent Real Estate Investment Trust

InterRentREIT 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 primary objective is to use the proven industry experience of the Trustees, Management and Operational Team to: (i)Unitholders with stable and growing cash distributions from investments in a diversified portfolio of multi-residential properties; (ii)enhance the value of the assets and maximize long-term Unit value through the active management of such assets; and (iii)expand the asset base and increase Distributable Income through accretive acquisitions.

Featured Story: What Factors Can Affect Return on Equity?

Analyst Recommendations for Interrent Real Estate Investment Trust (TSE:IIP.UN)

Receive News & Ratings for Interrent Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interrent Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit