National Bankshares Boosts Interrent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$20.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its price objective boosted by National Bankshares from C$17.50 to C$20.00 in a research note published on Monday, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the stock. CIBC upped their price target on shares of Interrent Real Estate Investment Trust from C$15.50 to C$16.50 in a research report on Wednesday, May 12th. Royal Bank of Canada decreased their price target on shares of Interrent Real Estate Investment Trust from C$17.50 to C$17.00 and set an outperform rating for the company in a research report on Friday, May 14th. BMO Capital Markets upped their price target on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 in a research report on Thursday, May 13th. TD Securities upped their price target on shares of Interrent Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a buy rating in a research report on Monday, June 28th. Finally, National Bank Financial upped their price target on shares of Interrent Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company an outperform rating in a research report on Wednesday, May 12th. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus target price of C$17.66.

Shares of TSE IIP.UN opened at C$17.87 on Monday. The company has a debt-to-equity ratio of 54.35, a quick ratio of 0.03 and a current ratio of 0.15. Interrent Real Estate Investment Trust has a 52-week low of C$11.12 and a 52-week high of C$18.46. The company has a 50 day simple moving average of C$16.58. The firm has a market cap of C$2.48 billion and a PE ratio of 11.13.

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.

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

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