RBC Capital Markets initiated coverage on shares of Interrent Real Estate Investment Tr-Unit (OTC:IIPZF) in a research note issued to investors on Friday. The firm set a “sector perform” rating and a $8.00 price target on the stock. RBC Capital Markets’ target price indicates a potential upside of 41.50% from the company’s current price.

Separately, Royal Bank Of Canada began coverage on shares of Interrent Real Estate Investment Tr-Unit in a research report on Friday. They issued a “sector perform” rating and a $8.00 target price for the company.

Interrent Real Estate Investment Tr-Unit (OTC:IIPZF) opened at 5.6536 on Friday. Interrent Real Estate Investment Tr-Unit has a 12 month low of $4.53 and a 12 month high of $6.10. The company’s 50-day moving average price is $5.68 and its 200 day moving average price is $5.96. The company has a market capitalization of $407.10 million and a price-to-earnings 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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