InterRent REIT (TSE:IIP) Receives Average Rating of “Reduce” from Analysts

InterRent REIT (TSE:IIP) has been given an average rating of “Reduce” by the seven analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of brokerages recently commented on IIP. Canaccord Genuity Group lowered shares of InterRent REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 27th. Raymond James Financial lowered shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 27th. TD Securities lowered shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a report on Monday, July 14th. Desjardins lowered shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Finally, Royal Bank Of Canada lowered shares of InterRent REIT from a “moderate buy” rating to a “hold” rating in a report on Monday, June 9th.

InterRent REIT Stock 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).