Interrent Real Estate Investment Trust (IIP.UN) Price Target Increased to C$14.00 by Analysts at Raymond James

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Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price lifted by Raymond James from C$12.00 to C$14.00 in a report released on Wednesday. The brokerage presently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ price target would indicate a potential upside of 10.58% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Interrent Real Estate Investment Trust from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a report on Wednesday, August 15th. BMO Capital Markets lifted their price target on shares of Interrent Real Estate Investment Trust from C$11.75 to C$12.50 and gave the stock an “outperform” rating in a report on Monday, August 20th. CIBC lifted their price target on shares of Interrent Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Wednesday, August 15th. Canaccord Genuity lifted their price target on shares of Interrent Real Estate Investment Trust from C$12.00 to C$13.50 in a report on Monday. Finally, National Bank Financial reiterated a “sector perform” rating and set a C$10.80 price target (down from C$11.00) on shares of Interrent Real Estate Investment Trust in a report on Friday, August 10th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$13.08.

TSE:IIP.UN traded up C$0.24 during mid-day trading on Wednesday, hitting C$12.66. 297,637 shares of the company’s stock traded hands, compared to its average volume of 192,961. Interrent Real Estate Investment Trust has a 1 year low of C$7.31 and a 1 year high of C$10.19.

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).

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

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