InterRent REIT (TSE:IIP) Given Consensus Recommendation of “Reduce” by Analysts

Shares of InterRent REIT (TSE:IIP) have been given a consensus rating of “Reduce” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

Several brokerages recently issued reports on IIP. TD Securities downgraded shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a research report on Monday, July 14th. Desjardins downgraded shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 10th.

InterRent REIT Price Performance

InterRent REIT has a 52-week low of C$7.31 and a 52-week high of C$10.19.

InterRent REIT Company Profile

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).