Royal Bank Of Canada assumed coverage on shares of Interrent Real Estate Investment Tr-Unit (OTC:IIPZF) in a report issued on Friday. The brokerage issued a sector perform rating and a $8.00 target price on the stock.

Interrent Real Estate Investment Tr-Unit (OTC:IIPZF) traded up 0.0000% during trading on Friday, hitting $5.6536. Interrent Real Estate Investment Tr-Unit has a 12 month low of $4.53 and a 12 month high of $6.10. The stock has a 50-day moving average price of $5.69 and a 200-day moving average price of $5.97. The stock has a market cap of $407.10 million and a P/E ratio of 11.8029.

Interrent Real Estate Investment Tr-Unit Company Profile

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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