InterRent REIT (TSE:IIP) Rating Lowered to Hold at Desjardins

InterRent REIT (TSE:IIP) was downgraded by stock analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Raymond James downgraded InterRent REIT from a “moderate buy” rating to a “hold” rating in a report 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. National Bank Financial lowered shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a report on Sunday, April 13th. Cibc World Mkts downgraded shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note 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. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, InterRent REIT has a consensus rating of “Hold”.

InterRent REIT Price Performance

InterRent REIT has a 1 year low of C$7.31 and a 1 year high of C$10.19.

About InterRent REIT

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).