InterRent REIT (TSE:IIP) Cut to Hold at TD Securities

TD Securities downgraded shares of InterRent REIT (TSE:IIP) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Raymond James downgraded shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. National Bank Financial downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 13th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

InterRent REIT Stock Performance

InterRent REIT has a 12 month low of C$7.31 and a 12 month high of C$10.19.

InterRent REIT 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).