Today, an analyst has provided a rating update for the Financial sector company, InterRent REIT Un (IIP.UN). Canaccord Genuity’s analyst Mark Rothschild expressed some doubt about the stock, as it was downgraded to Hold.
According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 9.0% and a 77.7% success rate. Rothschild covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Artis Real Estate Investment Trust.
Currently, the analyst consensus on InterRent REIT Un is a Moderate Buy with an average price target of C$14.75.
The company has a one-year high of C$14.79 and a one-year low of C$9.85. Currently, InterRent REIT Un has an average volume of 309.1K.
InterRent Real Estate Investment Trust engages in the acquisition and ownership of properties. It focuses on investment in residential multi-family producing properties and possession of additional and accretive properties. The company was founded on October 10, 2006 and is headquartered in Ottawa, Canada.
The company’s shares closed on Tuesday at C$14.16, close to its 52-week high of C$14.79.
