National Bankshares Increases InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$15.00

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price target raised by equities researchers at National Bankshares from C$14.75 to C$15.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 24.90% from the stock’s current price.

InterRent Real Estate Investment Trust Trading Down 0.4 %

TSE IIP.UN opened at C$12.01 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. InterRent Real Estate Investment Trust has a twelve month low of C$11.43 and a twelve month high of C$14.50. The company has a market cap of C$1.78 billion, a price-to-earnings ratio of -600.50 and a beta of 1.14. The business’s fifty day moving average is C$12.61 and its 200 day moving average is C$12.39.

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.