Interrent Real Estate Investment Trust (TSE:IIP.UN) has been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$8.39.

IIP.UN has been the subject of several recent analyst reports. TD Securities upgraded Interrent Real Estate Investment Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from C$8.50 to C$9.00 in a research note on Thursday, March 23rd. Scotiabank upped their price target on Interrent Real Estate Investment Trust from C$8.00 to C$8.25 and gave the stock a “sector perform” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada upped their price target on Interrent Real Estate Investment Trust from C$8.25 to C$8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, May 9th. Finally, Raymond James Financial, Inc. upped their price target on Interrent Real Estate Investment Trust from C$8.25 to C$8.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 9th.

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About Interrent Real Estate Investment Trust

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).

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

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