InterRent REIT Un (IIP.UN) has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from GMP FirstEnergy’s analyst Himanshu Gupta, CFA, with a C$13.50 price target.
CFA has an average return of 20.2% when recommending InterRent REIT Un.
According to TipRanks.com, CFA is ranked #1961 out of 5215 analysts.
InterRent REIT Un has an analyst consensus of Moderate Buy, with a price target consensus of C$14.
Based on InterRent REIT Un’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$42.19 million. In comparison, last year the company had a net profit of C$42.35 million.
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$13.86, close to its 52-week high of C$14.26.
