InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$14.56.

IIP.UN has been the topic of several recent analyst reports. Raymond James cut their target price on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th. TD Securities raised 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 note on Wednesday, November 6th. Royal Bank of Canada cut their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets cut their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th.

InterRent Real Estate Investment Trust Price Performance

Shares of IIP.UN stock traded down C$0.19 on Tuesday, reaching C$9.82. The company's stock had a trading volume of 581,872 shares, compared to its average volume of 419,367. 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 has a 12-month low of C$9.40 and a 12-month high of C$14.50. The company has a market capitalization of C$1.45 billion, a P/E ratio of -491.00 and a beta of 1.13. The stock's 50 day simple moving average is C$10.08 and its 200-day simple moving average is C$11.38.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0331 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Friday, January 31st. InterRent Real Estate Investment Trust's payout ratio is -1,900.00%.

About InterRent Real Estate Investment Trust

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.