InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target Cut to C$14.00 by Analysts at BMO Capital Markets

Posted by Amber O'Connor on Oct 28th, 2024

InterRent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) had its price objective decreased by BMO Capital Markets from C$15.00 to C$14.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 16.57% from the stock’s current price.

Separately, National Bankshares raised their target price on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$15.07.

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InterRent Real Estate Investment Trust Stock Performance

TSE:IIP.UN traded up C$0.11 during mid-day trading on Monday, hitting C$12.01. The stock had a trading volume of 1,155,517 shares, compared to its average volume of 362,259. InterRent Real Estate Investment Trust has a twelve month low of C$11.43 and a twelve month high of C$14.50. The stock has a market cap of C$1.78 billion, a price-to-earnings ratio of -601.50 and a beta of 1.13. The company’s 50 day simple moving average is C$12.52 and its 200 day simple moving average is C$12.30. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43.

About InterRent Real Estate Investment Trust

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InterRent?REIT 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 strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions.