Interrent Real Estate Investment Trust (IIP.UN) Given Average Rating of “Buy” by Brokerages
Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$8.50.
A number of research analysts recently commented on IIP.UN shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$9.00 price target on shares of Interrent Real Estate Investment Trust in a report on Tuesday, August 1st. Interrent Reit Tr.Uts increased their price target on shares of Interrent Real Estate Investment Trust from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada increased their price target on shares of Interrent Real Estate Investment Trust from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a report on Friday, July 28th.
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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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