InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has been given a consensus recommendation of "Buy" by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$13.19.
A number of research analysts have commented on IIP.UN shares. Royal Bank of Canada reduced their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Scotiabank dropped 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 report on Wednesday, February 26th. National Bankshares upped 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. Raymond James dropped their price objective on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, CIBC reduced their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th.
Check Out Our Latest Report on IIP.UN
InterRent Real Estate Investment Trust Trading Down 6.8 %
Shares of IIP.UN stock traded down C$0.77 during mid-day trading on Wednesday, reaching C$10.52. The company's stock had a trading volume of 811,121 shares, compared to its average volume of 503,823. The company's 50 day simple moving average is C$10.28 and its 200-day simple moving average is C$10.79. 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$13.20. The firm has a market capitalization of C$1.56 billion, a PE ratio of -526.00 and a beta of 1.13.
InterRent Real Estate Investment Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.0331 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.78%. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) is presently -1,900.00%.
InterRent Real Estate Investment Trust Company Profile
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Get Free ReportInterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.
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