InterRent REIT Un (IIP.UN), the Financial sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Desjardins’ analyst Michael Markidis, with a C$15 price target.
Markidis has an average return of 24.7% when recommending InterRent REIT Un.
According to TipRanks.com, Markidis is ranked #370 out of 5215 analysts.
Currently, the analyst consensus on InterRent REIT Un is a Moderate Buy with an average price target of C$14.07, a 1.4% upside from current levels. In a report released today, Scotiabank also reiterated a Buy rating on the stock with a C$15 price target.
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The company has a one-year high of C$14.26 and a one-year low of C$8.82. Currently, InterRent REIT Un has an average volume of 312.8K.
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 Wednesday at C$13.88, close to its 52-week high of C$14.26.
