InterRent REIT (TSE:IIP) Stock Rating Lowered by Cibc World Mkts

InterRent REIT (TSE:IIP) was downgraded by research analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

IIP has been the topic of several other reports. National Bank Financial downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 13th. Raymond James downgraded shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity Group downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, TD Securities downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

InterRent REIT Stock Performance

InterRent REIT has a fifty-two week low of C$7.31 and a fifty-two week high of C$10.19.

InterRent REIT 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).