InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Average Rating of "Moderate Buy" by Analysts

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$14.93.

IIP.UN has been the subject of several recent analyst reports. National Bankshares raised their price objective on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. 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. Royal Bank of Canada lowered their price target on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. Finally, TD Securities raised InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 price target for the company in a research report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Performance

TSE IIP.UN traded up C$0.10 on Thursday, reaching C$10.65. The stock had a trading volume of 50,930 shares, compared to its average volume of 375,678. The business's 50-day moving average price is C$11.74 and its 200 day moving average price is C$12.13. The stock has a market cap of C$1.58 billion, a P/E ratio of -527.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. InterRent Real Estate Investment Trust has a 12-month low of C$10.50 and a 12-month high of C$14.50.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.0315 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, October 31st. InterRent Real Estate Investment Trust's dividend payout ratio is presently -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

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.