Interrent Real Estate Investment Trust’s (IIP.UN) Sector Perform Rating Reiterated at Scotiabank

Scotiabank reissued their sector perform rating on shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) in a research report report published on Thursday. Scotiabank currently has a C$8.00 target price on the real estate investment trust’s stock.

IIP.UN has been the topic of several other research reports. Royal Bank of Canada assumed coverage on Interrent Real Estate Investment Trust in a research report on Friday, November 18th. They issued a sector perform rating and a C$8.00 price objective on the stock. Canaccord Genuity lowered their price objective on Interrent Real Estate Investment Trust from C$8.50 to C$8.25 in a research report on Thursday, January 5th. Raymond James Financial, Inc. upped their price objective on Interrent Real Estate Investment Trust from C$8.00 to C$8.50 and gave the stock a hold rating in a research report on Thursday, February 23rd. TD Securities upped their price objective on Interrent Real Estate Investment Trust from C$8.00 to C$8.50 and gave the stock a hold rating in a research report on Thursday, February 23rd. Finally, Eight Capital upped their price objective on Interrent Real Estate Investment Trust from C$8.00 to C$8.25 and gave the stock a buy rating in a research report on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of C$8.25.

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Interrent Real Estate Investment Trust Company Profile

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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