Interrent Real Estate Investment Trust (IIP.UN) Price Target Increased to C$11.00 by Analysts at Canaccord Genuity

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price hoisted by research analysts at Canaccord Genuity from C$10.50 to C$11.00 in a report released on Thursday. Canaccord Genuity’s price target points to a potential upside of 21.68% from the stock’s previous close.

IIP.UN has been the subject of several other research reports. Scotiabank raised their target price on Interrent Real Estate Investment Trust from C$9.10 to C$10.00 and gave the stock a “sector perform” rating in a research note on Thursday. National Bank Financial set a C$9.85 target price on Interrent Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Thursday. Raymond James Financial raised their target price on Interrent Real Estate Investment Trust from C$8.50 to C$9.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. CIBC raised their target price on Interrent Real Estate Investment Trust from C$8.50 to C$9.00 in a research note on Wednesday, November 15th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$10.00 target price on shares of Interrent Real Estate Investment Trust in a research note on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$9.53.

Interrent Real Estate Investment Trust (TSE:IIP.UN) opened at C$9.04 on Thursday. The firm has a market capitalization of $757.86, a price-to-earnings ratio of 4.20 and a beta of 0.38. Interrent Real Estate Investment Trust has a 12 month low of C$7.31 and a 12 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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