InterRent REIT (TSE:IIP) Stock Rating Lowered by Canaccord Genuity Group

Canaccord Genuity Group lowered shares of InterRent REIT (TSE:IIP) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. National Bank Financial downgraded InterRent REIT from a “strong-buy” rating to a “hold” rating in a research note on Sunday, April 13th. Raymond James downgraded InterRent REIT from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Securities downgraded InterRent REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, InterRent REIT presently has a consensus rating of “Hold”.

InterRent REIT Stock Performance

InterRent REIT has a 1 year low of C$7.31 and a 1 year 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).