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

InterRent Real Estate Investment Trust (OTCMKTS:IIPZFGet Rating) has been given an average rating of “Hold” by the ten analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.35.

A number of equities research analysts have recently commented on IIPZF shares. TD Securities cut their price objective on InterRent Real Estate Investment Trust from C$20.00 to C$18.00 in a research report on Wednesday, May 11th. National Bank Financial cut their target price on shares of InterRent Real Estate Investment Trust from C$17.00 to C$13.25 in a research note on Wednesday, July 20th. Raymond James cut their target price on shares of InterRent Real Estate Investment Trust from C$20.25 to C$18.25 in a research note on Wednesday, May 11th. Scotiabank cut their target price on shares of InterRent Real Estate Investment Trust from C$19.50 to C$17.50 in a research note on Wednesday, May 11th. Finally, Canaccord Genuity Group cut their target price 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 note on Wednesday, May 11th.

InterRent Real Estate Investment Trust Price Performance

Shares of OTCMKTS:IIPZF opened at $10.46 on Friday. InterRent Real Estate Investment Trust has a one year low of $8.90 and a one year high of $14.82. The stock has a fifty day moving average of $9.84 and a 200-day moving average of $11.23. The company has a market capitalization of $1.47 billion, a PE ratio of 5.20 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.17 and a current ratio of 0.17.

InterRent Real Estate Investment Trust Company Profile

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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.

Further Reading

Analyst Recommendations for InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)

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