BMO Capital Markets Increases InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Price Target to $16.50

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) had its price objective upped by BMO Capital Markets from $16.00 to $16.50 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 25.16% from the company’s current price.

IIPZF has been the subject of a number of other research reports. Desjardins boosted their price target on shares of InterRent Real Estate Investment Trust from $16.00 to $17.50 and gave the company a “buy” rating in a research note on Thursday. TD Securities upped their target price on shares of InterRent Real Estate Investment Trust from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank raised their price target on shares of InterRent Real Estate Investment Trust from $16.50 to $17.25 and gave the company an “outperform” rating in a research report on Thursday. Raymond James increased their price objective on InterRent Real Estate Investment Trust from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC lifted their target price on InterRent Real Estate Investment Trust from $15.50 to $16.50 and gave the company a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.13.

Shares of OTCMKTS:IIPZF opened at $13.18 on Thursday. InterRent Real Estate Investment Trust has a 52-week low of $9.21 and a 52-week high of $13.18. The business’s 50 day simple moving average is $11.44 and its two-hundred day simple moving average is $10.82. The firm has a market cap of $1.83 billion, a P/E ratio of 5.54 and a beta of 0.24.

InterRent Real Estate Investment Trust Company Profile

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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