InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Receives Consensus ‘Moderate Buy’ Rating from Analysts

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Rating) received an average rating of “Hold” from the ten brokerages that cover the stock, reports Marketbeat.com. Two analysts rated the stock with a hold rating and one gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is $18.15.

IIPZF has been the subject of a number of recent research reports. Canaccord Genuity Group lowered its price target on InterRent Real Estate Investment Trust from C$18.00 to C$17.25 and set a “buy” rating for the company in a Wednesday, May 11 report. Scotiabank lowered its price target on InterRent Real Estate Investment Trust from C$19.50 to C$17.50 in a Wednesday May 11 research note. Raymond James lowered his price target on InterRent Real Estate Investment Trust from C$18.25 to C$16.25 in a Friday, August 12 research note. TD Securities reduced its target price on InterRent Real Estate Investment Trust from CA$20.00 to CA$18.00 in a Wednesday, May 11 research report. Finally, Royal Bank of Canada reduced its price target on InterRent Real Estate Investment Trust from CA$22.00 to CA$20.00 in a research report on Wednesday, May 11.

InterRent Real Estate Investment Trust share up 0.2%

InterRent Real Estate Investment Trust stock opened Wednesday at $10.10. InterRent Real Estate Investment Trust has a fifty-two week minimum of $8.90 and a fifty-two week maximum of $14.82. The company has a 50-day moving average price of $9.81 and a 200-day moving average price of $10.94. The company has a debt ratio of 0.58, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.43 billion, a PE ratio of 4.86 and a beta of 0.53.

Company Profile InterRent Real Estate Investment Trust

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InterRent REIT is a growth-oriented real estate investment trust committed to increasing unitholder value and creating growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent’s strategy is to expand its portfolio primarily in markets that have shown stable vacancies, enough suites available to achieve the critical mass needed to implement an effective portfolio management structure and provide opportunities for acquisitions accretive.

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Analyst recommendations for InterRent Real Estate Investment Trust (OTCMKTS: IIPZF)

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