InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0331 per share by the real estate investment trust on Tuesday, February 18th. This represents a $0.40 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, January 31st.
InterRent Real Estate Investment Trust Price Performance
InterRent Real Estate Investment Trust stock traded down C$0.05 during trading hours on Friday, hitting C$9.77. The stock had a trading volume of 1,102,340 shares, compared to its average volume of 447,399. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -488.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. InterRent Real Estate Investment Trust has a 1-year low of C$9.61 and a 1-year high of C$14.50. The stock's fifty day moving average is C$10.21 and its two-hundred day moving average is C$11.54.
Analyst Ratings Changes
Several equities analysts have weighed in on IIP.UN shares. BMO Capital Markets dropped their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. National Bankshares lifted their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. Raymond James reduced their price objective on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research report on Monday, January 13th. Finally, TD Securities raised shares of InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 price target on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, InterRent Real Estate Investment Trust has an average rating of "Moderate Buy" and a consensus target price of C$14.56.
Read Our Latest Stock Analysis on IIP.UN
InterRent Real Estate Investment Trust Company Profile
(
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InterRent?REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution?through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions.
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