InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Receives Consensus Recommendation of “Buy” from Brokerages

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Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZFGet Rating) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.73.

Several brokerages have commented on IIPZF. TD Securities dropped their price target on shares of InterRent Real Estate Investment Trust from C$20.00 to C$18.00 in a research report on Wednesday, May 11th. National Bank Financial dropped their price target on shares of InterRent Real Estate Investment Trust from C$19.00 to C$17.00 in a research report on Wednesday, April 27th. Desjardins dropped their price target on shares of InterRent Real Estate Investment Trust from C$21.00 to C$20.00 in a research report on Thursday, March 10th. Canaccord Genuity Group dropped their price target on shares of InterRent Real Estate Investment Trust from C$18.00 to C$17.25 and set a “buy” rating on the stock in a research report on Wednesday, May 11th. Finally, BMO Capital Markets boosted their price target on shares of InterRent Real Estate Investment Trust from C$20.00 to C$20.25 in a research report on Wednesday, March 9th.

Shares of OTCMKTS IIPZF opened at $9.54 on Friday. InterRent Real Estate Investment Trust has a fifty-two week low of $9.54 and a fifty-two week high of $14.82. The firm’s 50-day simple moving average is $10.82 and its 200 day simple moving average is $12.11. The company has a quick ratio of 0.13, a current ratio of 0.17 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.34 billion, a P/E ratio of 4.75 and a beta of 0.43.

InterRent Real Estate Investment Trust Company Profile (Get Rating)

InterRent REIT is a growth-oriented 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. InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.

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