InterRent Real Estate Investment Trust (OTCMKTS: IIPZF) Short Interest Update

InterRent Real Estate Investment Trust (OTCMKTS: IIPZF – Get Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 231,600 shares, a decrease of 32.6% from the April 15th total of 343,800 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 231.6 days.

IIPZF has been the topic of several research reports. Scotiabank dropped their price objective on shares of InterRent Real Estate Investment Trust from C $ 19.50 to C $ 17.50 in a report on Wednesday. Raymond James dropped their price objective on shares of InterRent Real Estate Investment Trust from C $ 20.25 to C $ 18.25 in a report on Wednesday. TD Securities dropped their price objective on shares of InterRent Real Estate Investment Trust from C $ 20.00 to C $ 18.00 in a report on Wednesday. BMO Capital Markets upped their target price on shares of InterRent Real Estate Investment Trust from C $ 20.00 to C $ 20.25 in a report on Wednesday, March 9th. Finally, Desjardins lowered their target price on shares of InterRent Real Estate Investment Trust from C $ 21.00 to C $ 20.00 in a report on Thursday, March 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of 18.73.

Shares of IIPZF remained flat at $$ 9.84 on Friday. 1 shares of the company were exchanged, compared to its average volume of 348. InterRent Real Estate Investment Trust has a 12 month low of $ 9.84 and a 12 month high of $ 14.82. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of 11.92 and a two-hundred day moving average of $ 12.72. The firm has a market cap of $ 1.38 billion, a PE ratio of 23.10 and a beta of 0.43.

InterRent Real Estate Investment Trust Company Profile (Get Rating)

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.

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