InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as C$9.40 and last traded at C$9.74, with a volume of 567060 shares changing hands. The stock had previously closed at C$9.77.
Analysts Set New Price Targets
IIP.UN has been the subject of several analyst reports. 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 research report on Wednesday, November 6th. BMO Capital Markets dropped their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. Raymond James decreased their price target on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th. Finally, TD Securities raised InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 price objective for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$14.56.
Check Out Our Latest Report on IIP.UN
InterRent Real Estate Investment Trust Price Performance
The stock has a market capitalization of C$1.48 billion, a P/E ratio of -499.50 and a beta of 1.13. The firm has a fifty day moving average price of C$10.14 and a two-hundred day moving average price of C$11.48. 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 Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.0331 per share. The ex-dividend date is Friday, January 31st. This represents a $0.40 annualized dividend and a yield of 3.98%. InterRent Real Estate Investment Trust's dividend payout ratio is -1,900.00%.
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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