BMO Capital Markets Lowers InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$14.00

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price objective cut by investment analysts at BMO Capital Markets from C$15.00 to C$14.00 in a report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 18.04% from the stock’s current price.

Separately, National Bankshares lifted their price target on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$15.07.

InterRent Real Estate Investment Trust Stock Down 0.7 %

InterRent Real Estate Investment Trust stock opened at C$11.86 on Monday. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -595.50 and a beta of 1.13. The company’s 50 day simple moving average is C$12.51 and its 200 day simple moving average is C$12.30. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. 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.