Interrent Real Estate Investment Trust (IIP.UN) Price Target Raised to C$10.00 at Scotiabank

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price target raised by Scotiabank from C$9.10 to C$10.00 in a research note released on Thursday morning. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on IIP.UN. Raymond James Financial upgraded Interrent Real Estate Investment Trust from an outperform rating to a strong-buy rating in a report on Monday, January 8th. BMO Capital Markets reiterated an outperform rating and set a C$10.00 target price on shares of Interrent Real Estate Investment Trust in a report on Wednesday, November 15th. TD Securities upped their target price on Interrent Real Estate Investment Trust from C$9.00 to C$10.00 and gave the stock a buy rating in a report on Wednesday, November 15th. National Bank Financial upped their target price on Interrent Real Estate Investment Trust from C$9.00 to C$9.50 and gave the stock an outperform rating in a report on Wednesday, November 15th. Finally, Canaccord Genuity upped their target price on Interrent Real Estate Investment Trust from C$9.50 to C$10.50 in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Interrent Real Estate Investment Trust presently has an average rating of Buy and a consensus price target of C$9.53.

Shares of Interrent Real Estate Investment Trust (IIP.UN) opened at C$9.18 on Thursday. The company has a market capitalization of $769.59, a PE ratio of 4.27 and a beta of 0.38. Interrent Real Estate Investment Trust has a twelve month low of C$7.31 and a twelve month high of C$9.77.

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Interrent Real Estate Investment Trust 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).

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

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