Royal Bank of Canada upgraded shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) from a sector perform rating to an outperform rating in a report released on Wednesday. The brokerage currently has C$10.00 price target on the real estate investment trust’s stock, up from their prior price target of C$9.50.

A number of other analysts have also weighed in on IIP.UN. National Bank Financial upped their price objective on shares of Interrent Real Estate Investment Trust from C$8.75 to C$9.00 and gave the stock an outperform rating in a research note on Tuesday, October 31st. Scotiabank upped their price objective on shares of Interrent Real Estate Investment Trust from C$8.25 to C$9.10 and gave the stock a sector perform rating in a research note on Wednesday, November 15th. Raymond James Financial increased their price target on shares of Interrent Real Estate Investment Trust from C$8.50 to C$9.50 and gave the company an outperform rating in a research report on Wednesday, November 15th. Desjardins decreased their price target on shares of Interrent Real Estate Investment Trust from C$10.00 to C$9.00 in a research report on Wednesday, November 15th. Finally, CIBC increased their price target on shares of Interrent Real Estate Investment Trust from C$8.50 to C$9.00 in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$9.54.

Shares of Interrent Real Estate Investment Trust (TSE IIP.UN) opened at C$8.87 on Wednesday. Interrent Real Estate Investment Trust has a one year low of C$7.31 and a one year high of C$9.77. The firm has a market cap of $743.61, a PE ratio of 4.13 and a beta of 0.38.

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About Interrent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).

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

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