InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$13.13 Average PT from Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has received an average rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$13.13.

A number of equities analysts have weighed in on IIP.UN shares. National Bankshares lowered InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$12.25 to C$11.75 in a research note on Monday, April 14th. Canaccord Genuity Group lifted their price objective on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Raymond James lowered their price target on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Scotiabank cut their price objective on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, CIBC dropped their target price on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating for the company in a research report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Stock Performance

TSE:IIP.UN traded down C$0.01 on Friday, reaching C$10.93. 172,737 shares of the company's stock were exchanged, compared to its average volume of 485,744. The stock has a fifty day simple moving average of C$10.49 and a 200-day simple moving average of C$10.56. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$13.20. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The firm has a market cap of C$1.62 billion, a price-to-earnings ratio of -546.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a $0.0331 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.63%. InterRent Real Estate Investment Trust's dividend payout ratio is currently -1,900.00%.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.