InterRent Real Estate Investment Trust (TSE:IIP.UN) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$10.76 and traded as high as C$11.42. InterRent Real Estate Investment Trust shares last traded at C$11.30, with a volume of 447,503 shares.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Wednesday, February 26th. CIBC reduced their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. National Bankshares cut InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$12.25 to C$11.75 in a report on Monday, April 14th. Scotiabank dropped their price objective on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Raymond James dropped their price objective on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.13.

InterRent Real Estate Investment Trust Trading Down 0.3%

The company’s 50-day moving average price is C$10.79 and its 200 day moving average price is C$10.49. The stock has a market cap of C$1.67 billion, a PE ratio of -565.00 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.