The Globe and Mail reports in its Tuesday, April 15, edition that National Bank Financial analyst Matt Kornack has lowered his recommendation for InterRent REIT to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack gave his unit target a 50-cent trim to $11.75. Analysts on average target the units at $12.59. Mr. Kornack says in a note: "We are moving to 'sector perform' on InterRent as the spectre of an activist campaign has spurred relative trading outperformance and raised the prospects of a change of control transaction. Nonetheless, on a going concern basis the REIT's valuation remains high vs. potential growth and relative to peers. The probability of privatization has clearly increased, but this market isn't exactly chock-full of institutional investors looking to make splashy acquisitions (unless they can be done at a substantial discount). An activist campaign, should one arise, also threatens to poke holes in perceptions of the REIT's strategy/management platform. Absent a change of control transaction, the likely proposal of selling assets and buying back stock is being broadly deployed by the peer set."