Interrent Real Estate Investment Trust (IIP.UN) Lowered to Sector Perform at National Bank Financial

Interrent Real Estate Investment Trust (TSE:IIP.UN) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday. They presently have a C$9.40 target price on the real estate investment trust’s stock, down from their prior target price of C$9.50. National Bank Financial’s price objective suggests a potential upside of 6.21% from the company’s previous close.

IIP.UN has been the subject of several other research reports. CIBC increased 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. Raymond James Financial increased their price objective on shares of Interrent Real Estate Investment Trust from C$8.50 to C$9.50 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Scotiabank increased their price objective on shares of Interrent Real Estate Investment Trust from C$9.10 to C$10.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. BMO Capital Markets reissued an “outperform” rating and set a C$10.00 price objective on shares of Interrent Real Estate Investment Trust in a report on Wednesday, November 15th. Finally, TD Securities increased their price objective on shares of Interrent Real Estate Investment Trust from C$9.00 to C$10.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Interrent Real Estate Investment Trust presently has an average rating of “Buy” and an average price target of C$9.49.

Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) traded down C$0.26 during mid-day trading on Tuesday, reaching C$8.85. The company’s stock had a trading volume of 163,305 shares, compared to its average volume of 147,203. Interrent Real Estate Investment Trust has a 1-year low of C$7.31 and a 1-year high of C$9.77. The stock has a market cap of $741.93, a price-to-earnings ratio of 4.12 and a beta of 0.38.

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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).

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

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