Raymond James Lowers InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$13.00

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its target price reduced by stock analysts at Raymond James from C$14.00 to C$13.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 29.87% from the company’s current price.

Several other brokerages also recently weighed in on IIP.UN. National Bankshares lifted their target price on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. BMO Capital Markets lowered their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective for the company in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their target price on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$14.61.

InterRent Real Estate Investment Trust Stock Performance

TSE IIP.UN opened at C$10.01 on Monday. The firm has a market cap of C$1.48 billion, a P/E ratio of -500.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 52-week low of C$9.91 and a 52-week high of C$14.50. The business’s 50-day moving average price is C$10.49 and its 200 day moving average price is C$11.74. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

About InterRent Real Estate Investment Trust

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.