National Bankshares Forecasts Strong Price Appreciation for InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its target price upped by equities research analysts at National Bankshares from C$12.00 to C$12.25 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price indicates a potential upside of 25.64% from the stock’s current price.

Several other analysts have also recently commented on the stock. Scotiabank decreased their price objective on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank of Canada decreased their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Wednesday. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price for the company in a research note on Wednesday, November 6th. CIBC decreased their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Canaccord Genuity Group boosted their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, InterRent Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of C$13.50.

InterRent Real Estate Investment Trust Stock Performance

Shares of TSE IIP.UN opened at C$9.75 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. InterRent Real Estate Investment Trust has a 12 month low of C$9.40 and a 12 month high of C$14.40. The company has a 50 day simple moving average of C$9.97 and a two-hundred day simple moving average of C$11.20. The stock has a market cap of C$1.44 billion, a price-to-earnings ratio of -487.50 and a beta of 1.13.

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.