National Bankshares Trims Interrent Real Estate Investment Trust (TSE:IIP.UN) Target Price to C$14.00

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price lowered by stock analysts at National Bankshares from C$15.50 to C$14.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective would indicate a potential upside of 15.80% from the company’s current price.

IIP.UN has been the topic of several other research reports. CIBC increased their price target on Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Cormark increased their target price on Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a report on Friday, March 15th. Veritas Investment Research restated a “reduce” rating on shares of Interrent Real Estate Investment Trust in a report on Friday, March 1st. TD Securities reduced their price objective on shares of Interrent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Wednesday. Finally, Laurentian set a C$15.00 target price on shares of Interrent Real Estate Investment Trust and gave the stock a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Interrent Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$15.05.

Interrent Real Estate Investment Trust Stock Down 1.4 %

Shares of TSE IIP.UN traded down C$0.17 during trading on Wednesday, hitting C$12.09. 163,459 shares of the company traded hands, compared to its average volume of 350,991. The company has a debt-to-equity ratio of 66.88, a quick ratio of 0.04 and a current ratio of 0.14. The business’s fifty day moving average is C$13.42 and its 200 day moving average is C$12.99. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 18.89 and a beta of 1.08. Interrent Real Estate Investment Trust has a fifty-two week low of C$11.43 and a fifty-two week high of C$14.50.

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.