InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Rating Lowered by National Bankshares

InterRent Real Estate Investment Trust (TSE:IIP.UN) was downgraded by National Bankshares from an “outperform” rating to a “sector perform” rating in a report released on Monday,BayStreet.CA reports. They presently have a C$11.75 price target on the real estate investment trust’s stock, down from their prior price target of C$12.25. National Bankshares’ price objective indicates a potential upside of 16.22% from the stock’s current price.

A number of other research analysts have also recently commented on IIP.UN. Scotiabank dropped their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. CIBC dropped their target price on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Raymond James dropped their target price on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$13.13.

InterRent Real Estate Investment Trust Stock Performance

Shares of IIP.UN traded up C$0.11 during midday trading on Monday, reaching C$10.11. 290,123 shares of the stock were exchanged, compared to its average volume of 505,320. The stock’s 50 day simple moving average is C$10.33 and its 200 day simple moving average is C$10.70. InterRent Real Estate Investment Trust has a twelve month low of C$9.40 and a twelve month high of C$13.20. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The company has a market cap of C$1.50 billion, a P/E ratio of -505.50 and a beta of 1.13.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.