Raymond James downgrades InterRent REIT Un (IIP.UN) to a Hold
Raymond James analyst Brad Sturges downgraded InterRent REIT Un (IIP.UN – Research Report) to a Hold today and set a price target of C$14.00. The company's shares closed today at C$13.59.
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According to TipRanks, Sturges is an analyst with an average return of -2.3% and a 43.84% success rate. Sturges covers the Real Estate sector, focusing on stocks such as Nexus Real Estate Investment, Flagship Communities REIT Investment Trust, and Parkit Enterprise.
In addition to Raymond James, InterRent REIT Un also received a Hold from Canaccord Genuity's Mark Rothschild in a report issued today. However, on May 20, CIBC maintained a Buy rating on InterRent REIT Un (TSX: IIP.UN).
The company has a one-year high of C$13.20 and a one-year low of C$9.40. Currently, InterRent REIT Un has an average volume of 500.7K.
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