InterRent Real Estate Investment Trust shows modest gains amid index changes.
This week, InterRent Real Estate Investment Trust (IIP-UN.TO) saw a slight increase, closing at C$13.54, which is a 0.37% rise over the past week. This performance aligns with recent developments in the broader market, especially the adjustments announced by S&P Dow Jones Indices.
Investor takeaway: Keep an eye on InterRent's performance compared to the S&P/TSX Composite Index changes, as these can affect market sentiment and investor behavior in the real estate sector.
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InterRent Real Estate Investment Trust
IIP-UN.TO
IIP-UN.TO
InterRent Real Estate Investment Trust
WealthAwesomeMarket cap
$1.92B
P/E
338.5x
Div. yield
2.93%
Div. / share
$0.40
52W high
$13.55
52W low
$12.32
1W change
+0.00%
Beta
0.89
Analyst Price Targets
Based on analyst covering IIP-UN
Wall Street analysts forecast IIP-UN stock price to rise 0.1% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$13.55
+0.1% Upside
Current Price
C$13.54
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on IIP-UN's historical volatility
30-Day Vol
13.5%
Annualized
90-Day Vol
8.5%
Annualized
Trend (90d)
+5.9%
Annualized drift
90d Mean
C$13.83
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$13.64 | C$13.02 – C$14.28 |
| 60 trading days | C$13.73 | C$12.86 – C$14.67 |
| 90 trading days | C$13.83 | C$12.76 – C$14.99 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
InterRent's stock has a 52-week range of C$12.32 – C$13.55.
Currently, the stock is trading near the upper end of its 52-week range, which may suggest limited growth potential.
Bull case
InterRent has a stable market cap of about C$1.92 billion. Analysts suggest minimal upside, but the stock might attract conservative investors seeking stability in the real estate sector.
Bear case
The stock's high P/E ratio of 338.5 and low profit margin of 1.9% could indicate that it is overvalued, posing potential risks for investors.
Recent Price Action
InterRent Real Estate Investment Trust (IIP-UN.TO) closed at C$13.54, showing no change for the day and a 0.37% increase over the past week. The stock has risen by 5.37% in the last month and 2.73% year-to-date, indicating steady performance in a challenging market.
Company News and Market Catalysts
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This week, the S&P Dow Jones Indices announced changes to the S&P/TSX Composite Index, which could influence investor sentiment in the real estate sector. While there hasn't been any specific news about InterRent, broader market movements often affect sector performance, making this announcement relevant for investors.
Technical Picture
From a technical perspective, InterRent's stock is trading above both its 50-day moving average of C$13.07 and its 200-day moving average of C$13.25, suggesting a positive short-term trend. The stock has a beta of 0.89, indicating lower volatility compared to the market. With a 52-week range of C$12.32 – C$13.55, it is currently near its high, reflecting investor confidence despite broader market fluctuations.
Insider Activity
No recent insider activity has been reported for InterRent Real Estate Investment Trust, indicating stability in management and ownership structures.
Price Action Summary
As of the latest close, InterRent Real Estate Investment Trust (IIP-UN.TO) remains at C$13.54, showing steady performance amidst minor fluctuations over the week.
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