Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$14.93.
Several research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price objective 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 increased 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. Royal Bank of Canada cut their price target on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. 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 report on Wednesday, November 6th.
View Our Latest Stock Report on IIP.UN
InterRent Real Estate Investment Trust Stock Up 0.9 %
Shares of InterRent Real Estate Investment Trust stock traded up C$0.10 on Thursday, reaching C$10.65. The company's stock had a trading volume of 50,930 shares, compared to its average volume of 375,678. InterRent Real Estate Investment Trust has a 52 week low of C$10.50 and a 52 week high of C$14.50. The firm's fifty day simple moving average is C$11.74 and its two-hundred day simple moving average is C$12.13. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -527.50 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.
InterRent Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.0315 dividend. This represents a $0.38 annualized dividend and a yield of 3.55%. The ex-dividend date was Thursday, October 31st. InterRent Real Estate Investment Trust's payout ratio is currently -1,900.00%.
InterRent Real Estate Investment Trust Company Profile
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Get Free ReportInterRent?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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