InterRent REIT (TSE:IIP) Receives Average Recommendation of “Reduce” from Brokerages

InterRent REIT (TSE:IIP) has been assigned an average rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

Several equities analysts have recently commented on the stock. Desjardins cut shares of InterRent REIT from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 10th. TD Securities lowered InterRent REIT from a “hold” rating to a “strong sell” rating in a research report on Monday, July 14th.

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).