InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Receives Consensus “Buy” Recommendation From Analysts

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InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get a rating) received an average recommendation of “Hold” from the ten rating agencies that currently cover the company, reports Marketbeat Ratings. Two investment analysts rated the stock with a hold rating and one gave the company a buy rating. The 1-year average price target among analysts who have covered the stock over the past year is $18.73.

IIPZF has been the subject of a number of recent research reports. TD Securities reduced its target price on InterRent Real Estate Investment Trust from CA$20.00 to CA$18.00 in a Wednesday, May 11 research report. BMO Capital Markets raised its price target on InterRent Real Estate Investment Trust from C$20.00 to C$20.25 in a research report on Wednesday, March 9. Royal Bank of Canada reduced its price target on InterRent Real Estate Investment Trust from CA$22.00 to CA$20.00 in a research report on Wednesday, May 11. Desjardins lowered its price target on InterRent Real Estate Investment Trust from CA$21.00 to CA$20.00 in a Thursday, March 10 research report. Finally, Canaccord Genuity Group reduced its price target on InterRent Real Estate Investment Trust from CA$18.00 to CA$17.25 and set a “buy” rating for the company in a Wednesday May 11 research report. .

OTCMKTS:IIPZF opened at $10.38 on Monday. InterRent Real Estate Investment Trust has a one-year minimum of $9.84 and a one-year maximum of $14.82. The company has a debt ratio of 0.57, a current ratio of 0.13 and a quick ratio of 0.13. The company has a 50-day moving average of $11.70 and a 200-day moving average of $12.57. The company has a market capitalization of $1.46 billion, a PE ratio of 5.16 and a beta of 0.43.

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About InterRent Real Estate Investment Trust (Get a rating)

InterRent REIT is a growth-oriented real estate investment trust committed to increasing unitholder value and creating growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent’s strategy is to expand its portfolio primarily in markets that have shown stable vacancies, enough suites available to achieve the critical mass needed to implement an effective portfolio management structure and provide opportunities for acquisitions accretive.

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Analyst recommendations for InterRent Real Estate Investment Trust (OTCMKTS: IIPZF)

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