Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$8.15.

A number of research firms recently commented on IIP.UN. Scotiabank increased their target price on Interrent Real Estate Investment Trust from C$7.10 to C$8.00 and gave the company a “sector perform” rating in a research note on Friday, July 29th. National Bank Financial increased their target price on Interrent Real Estate Investment Trust from C$8.25 to C$8.50 in a research note on Friday, July 29th. Desjardins cut Interrent Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. CIBC increased their target price on Interrent Real Estate Investment Trust from C$8.00 to C$8.25 in a research note on Friday, July 29th. Finally, TD Securities reissued a “hold” rating and issued a C$8.00 target price on shares of Interrent Real Estate Investment Trust in a research note on Friday, July 29th.

About Interrent Real Estate Investment Trust

InterRent Real Estate Investment Trust (InterRent REIT) is an open-ended real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, management, leasing and repositioning of multi-residential properties and real estate ventures. It invests in the non-stabilized and redevelopment properties (over 2,790 suites), as well as invests in the stabilized properties (approximately 5,600 suites).

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