Raymond James Reaffirms Average Rating for Interrent Real Estate Investment Trust (IIP.UN)

Raymond James restated their average rating on shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) in a research report released on Tuesday. They currently have a C$14.00 price target on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets boosted their target price on Interrent Real Estate Investment Trust from C$12.50 to C$13.50 in a report on Thursday, November 1st. National Bank Financial boosted their target price on Interrent Real Estate Investment Trust from C$12.50 to C$13.00 in a report on Wednesday, November 28th. Royal Bank of Canada boosted their target price on Interrent Real Estate Investment Trust from C$12.00 to C$13.00 and gave the stock an outperform rating in a report on Wednesday, October 31st. TD Securities upped their price objective on Interrent Real Estate Investment Trust from C$12.50 to C$14.00 and gave the company a buy rating in a report on Wednesday, October 31st. Finally, CIBC upped their price objective on Interrent Real Estate Investment Trust from C$11.50 to C$13.00 in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$13.31.

IIP.UN stock opened at C$13.20 on Tuesday. Interrent Real Estate Investment Trust has a 12-month low of C$7.31 and a 12-month high of C$10.19.

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 17th were issued a $0.0242 dividend. The ex-dividend date was Thursday, November 29th. This is a boost from Interrent Real Estate Investment Trust’s previous monthly dividend of $0.02. This represents a $0.29 dividend on an annualized basis and a yield of 2.20%.

Interrent Real Estate Investment Trust 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).

Read More: Systematic Risk and Investors

Analyst Recommendations for Interrent Real Estate Investment Trust (TSE:IIP.UN)

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