InterRent REIT (TSE:IIP) Given Average Rating of “Hold” by Brokerages

InterRent REIT (TSE:IIP) has received a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating.

Several analysts recently weighed in on IIP shares. National Bank Financial cut shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Sunday, April 13th. Cibc World Mkts lowered InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Canaccord Genuity Group downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Raymond James cut shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Finally, TD Securities lowered shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th.

InterRent REIT Price 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).