InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$13.50 Consensus Target Price from Analysts

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has been assigned an average rating of "Buy" from the seven research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$13.50.

IIP.UN has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Scotiabank cut their target price on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Raymond James reduced their target price on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating for the company in a report on Wednesday, February 26th. National Bankshares lifted their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Stock Up 1.3 %

IIP.UN stock traded up C$0.13 during mid-day trading on Friday, reaching C$10.49. 1,339,646 shares of the company traded hands, compared to its average volume of 454,577. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The firm's 50 day moving average price is C$9.95 and its 200 day moving average price is C$11.05. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of -524.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a fifty-two week low of C$9.40 and a fifty-two week high of C$14.40.

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InterRent Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a dividend of $0.0331 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.40 annualized dividend and a yield of 3.79%. 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.