National Bankshares Forecasts Strong Price Appreciation for InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price target raised by National Bankshares from C$12.00 to C$12.25 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price target points to a potential upside of 22.75% from the stock’s previous close.

IIP.UN has been the topic of several other research reports. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price target on the stock in a report on Wednesday, November 6th. Canaccord Genuity Group increased their target price on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada dropped their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James cut their price target on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Wednesday. Finally, CIBC dropped their price target on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.50.

InterRent Real Estate Investment Trust Stock Up 0.8 %

Shares of IIP.UN stock traded up C$0.08 on Wednesday, hitting C$9.98. The stock had a trading volume of 232,977 shares, compared to its average volume of 394,966. The stock’s 50 day moving average is C$9.98 and its 200-day moving average is C$11.22. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -499.00 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. InterRent Real Estate Investment Trust has a 52-week low of C$9.40 and a 52-week high of C$14.40.

About InterRent Real Estate Investment Trust

InterRent?REIT is a growth-oriented 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. InterRent’s strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions.