National Bankshares Trims Interrent Real Estate Investment Trust (TSE:IIP.UN) Target Price to C$14.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price target decreased by stock analysts at National Bankshares from C$15.50 to C$14.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price target points to a potential upside of 15.42% from the company’s current price.

Several other equities research analysts also recently issued reports on IIP.UN. TD Securities dropped their target price on Interrent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Wednesday. BMO Capital Markets increased their target price on Interrent Real Estate Investment Trust from C$14.25 to C$15.00 in a research report on Monday, March 4th. Laurentian set a C$15.00 target price on Interrent Real Estate Investment Trust and gave the stock a “buy” rating in a research report on Monday, January 22nd. Veritas Investment Research restated a “reduce” rating on shares of Interrent Real Estate Investment Trust in a research report on Friday, March 1st. Finally, Cormark increased their target price on Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Interrent Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of C$15.05.

Interrent Real Estate Investment Trust Price Performance

Interrent Real Estate Investment Trust stock opened at C$12.13 on Wednesday. Interrent Real Estate Investment Trust has a 12 month low of C$11.43 and a 12 month high of C$14.50. The company has a current ratio of 0.14, a quick ratio of 0.04 and a debt-to-equity ratio of 66.88. The business’s 50 day simple moving average is C$13.36 and its 200 day simple moving average is C$12.97. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of 18.95 and a beta of 1.08.

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.