InterRent Real Estate Investment Trust (TSE:IIP.UN) Upgraded to Buy at TD Securities

InterRent Real Estate Investment Trust (TSE:IIP.UN) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a C$14.00 price objective on the real estate investment trust’s stock. TD Securities’ price objective indicates a potential upside of 27.85% from the company’s current price.

IIP.UN has been the topic of a number of other research reports. National Bankshares boosted their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. BMO Capital Markets reduced their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.93.

InterRent Real Estate Investment Trust Price Performance

InterRent Real Estate Investment Trust stock opened at C$10.95 on Wednesday. The firm has a fifty day moving average of C$12.29 and a 200-day moving average of C$12.26. InterRent Real Estate Investment Trust has a 52-week low of C$10.84 and a 52-week high of C$14.50. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The firm has a market capitalization of C$1.62 billion, a P/E ratio of -547.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Company Profile

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.