InterRent REIT (IIP.UN) Price Target Increased to C$11.75 by Analysts at Desjardins
InterRent REIT (TSE:IIP.UN) had its price target upped by equities researchers at Desjardins from C$11.00 to C$11.75 in a report issued on Tuesday. Desjardins’ price objective would indicate a potential upside of 7.31% from the company’s current price.
A number of other analysts have also recently commented on the company. National Bank Financial cut InterRent REIT from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$9.50 to C$9.40 in a research report on Tuesday, February 13th. Scotiabank upgraded InterRent REIT from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$10.00 to C$11.00 in a research report on Monday, February 26th. Royal Bank of Canada upgraded InterRent REIT from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$9.50 to C$10.00 in a research report on Wednesday, February 14th. CIBC upped their price objective on InterRent REIT from C$9.00 to C$10.00 in a research report on Friday, February 23rd. Finally, TD Securities upped their price objective on InterRent REIT from C$10.50 to C$11.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$11.15.
InterRent REIT opened at C$10.95 on Tuesday, MarketBeat Ratings reports. InterRent REIT has a one year low of C$7.31 and a one year high of C$10.19.
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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