InterRent REIT (TSE:IIP – Get Free Report) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.
Separately, Raymond James cut shares of InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday.
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InterRent REIT Stock Performance
InterRent REIT (TSE:IIP – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.17). The business had revenue of C$61.44 million for the quarter.
About InterRent REIT
InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).
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