BMO Capital Markets Increases Interrent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$16.50

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price objective upped by BMO Capital Markets from C$16.00 to C$16.50 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 4.83% from the stock’s previous close.

IIP.UN has been the subject of several other reports. Scotiabank lifted their price target on shares of Interrent Real Estate Investment Trust from C$16.50 to C$17.25 in a report on Thursday. National Bank Financial lifted their price target on shares of Interrent Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday. Laurentian boosted their target price on shares of Interrent Real Estate Investment Trust from C$17.25 to C$17.60 in a research note on Thursday. National Bankshares boosted their target price on shares of Interrent Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday. Finally, CIBC boosted their target price on shares of Interrent Real Estate Investment Trust from C$15.50 to C$16.50 in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$17.31.

TSE IIP.UN opened at C$15.74 on Thursday. Interrent Real Estate Investment Trust has a one year low of C$11.12 and a one year high of C$16.06. The company has a 50-day simple moving average of C$15.31 and a 200-day simple moving average of C$14.14. The company has a debt-to-equity ratio of 50.58, a quick ratio of 0.62 and a current ratio of 0.77. The firm has a market capitalization of C$2.19 billion and a PE ratio of 13.70.

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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Analyst Recommendations for Interrent Real Estate Investment Trust (TSE:IIP.UN)

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