InterRent Real Estate Investment Trust (TSE:IIP.UN) Hits New 1-Year Low - Time to Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$9.63 and last traded at C$9.70, with a volume of 140644 shares traded. The stock had previously closed at C$9.75.

Wall Street Analysts Forecast Growth

IIP.UN has been the topic of a number of recent analyst reports. Raymond James dropped their price objective on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th. National Bankshares boosted their price target on 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 reduced their price objective on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 target price on the stock in a research report on Wednesday, November 6th. Finally, BMO Capital Markets cut their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$14.56.

InterRent Real Estate Investment Trust Stock Down 0.8 %

The company has a market capitalization of C$1.43 billion, a PE ratio of -483.50 and a beta of 1.13. The stock's fifty day moving average is C$10.27 and its two-hundred day moving average is C$11.60. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Friday, January 31st. InterRent Real Estate Investment Trust's dividend payout ratio is currently -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.

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