Desjardins Believes InterRent REIT Un (TSX: IIP.UN) Won’t Stop Here

InterRent REIT Un (TSX: IIP.UN), the Financial sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Desjardins’ analyst Michael Markidis, with a C$10.75 price target.

Markidis has an average return of 15.3% when recommending InterRent REIT Un.

According to TipRanks.com, Markidis is ranked #921 out of 4743 analysts.

InterRent REIT Un has an analyst consensus of Strong Buy, with a price target consensus of C$10.19.

Based on InterRent REIT Un’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$27.8 million and quarterly net profit of C$111 million. In comparison, last year the company earned revenue of C$24.78 million and had a net profit of C$17.58 million.

InterRent Real Estate Investment Trust engages in the acquisition, and ownership of multi-residential properties. The company was founded on October 10, 2006 and is headquartered in Ottawa, Canada.

The company’s shares closed on Friday at C$9.35, close to its 52-week high of C$9.64.

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