InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$14.61.
IIP.UN has been the topic of several research reports. TD Securities raised 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 research report on Wednesday, November 6th. Royal Bank of Canada reduced their price objective on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. National Bankshares boosted their target price on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. 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. Finally, Raymond James decreased their price target on shares of InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday.
Check Out Our Latest Research Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Performance
Shares of IIP.UN stock traded down C$0.06 during trading hours on Friday, reaching C$9.94. 270,354 shares of the company's stock were exchanged, compared to its average volume of 366,631. The company's 50 day moving average is C$10.44 and its two-hundred day moving average is C$11.72. InterRent Real Estate Investment Trust has a 1 year low of C$9.87 and a 1 year high of C$14.50. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The company has a market cap of C$1.47 billion, a P/E ratio of -497.00 and a beta of 1.13.
InterRent Real Estate Investment Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0331 per share. This represents a $0.40 annualized dividend and a yield of 4.00%. The ex-dividend date is Friday, January 31st. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) is -1,900.00%.
About InterRent Real Estate Investment Trust
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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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