InterRent Real Estate Investment Trust remains stable amid index changes.
InterRent Real Estate Investment Trust (IIP-UN.TO) has held its ground in the market this week, with no significant price movement. The stock closed at C$13.54, unchanged from the previous session. While there haven’t been dramatic shifts, the company has been in the news due to changes in key indices that may influence investor sentiment.
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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.
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Investor takeaway: Investors should note InterRent's stable performance amidst broader market changes and consider how its recent index inclusion might impact future trading volumes and interest.
InterRent's stock holds steady at C$13.54 amid index changes.
The stock has a 52-week range of C$12.32 to C$13.55, indicating a stable trading range with minimal volatility.
Bull case
InterRent's stable stock price, along with its inclusion in the S&P/TSX Composite Index, could boost its visibility among institutional investors, potentially leading to increased demand.
Bear case
However, the high P/E ratio of 338.5 and a low profit margin of 1.9% suggest that the stock might be overvalued, which could deter risk-averse investors in a volatile market.
Current Price Action
InterRent Real Estate Investment Trust has seen no price movement this week, maintaining a stable closing price of C$13.54. This follows a modest increase of 4.72% over the past month, reflecting steady performance in a challenging market environment.
Company News
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Recently, InterRent was mentioned in announcements regarding changes to the S&P/TSX Composite Index and the S&P/TSX Canadian Dividend Aristocrats Index. This inclusion may enhance the company's visibility and attract more institutional investors, potentially increasing trading activity in the future.
Technical Picture
Currently, InterRent is trading above its 50-day moving average of C$13.07 and its 200-day moving average of C$13.25, indicating a bullish trend. The stock has a beta of 0.89, suggesting lower volatility compared to the market. This week, the trading volume was 647,373 shares, significantly below the 20-day average volume of 1,519,430 shares, indicating lower market interest.
Insider Activity
There is no recent insider activity reported for InterRent Real Estate Investment Trust, which may suggest a lack of significant changes in ownership or management confidence.
Price Action Summary
As of the latest close, InterRent Real Estate Investment Trust stock remains at C$13.54, showing a 1D change of 0.00%. The outlook appears neutral, with analysts maintaining an average target of C$13.55, suggesting limited immediate upside.
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