InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$14.92.
A number of research firms have weighed in on IIP.UN. Royal Bank of Canada reduced 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. BMO Capital Markets cut their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. National Bankshares upped their price target on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. Finally, TD Securities upgraded 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.
Read Our Latest Stock Analysis on IIP.UN
InterRent Real Estate Investment Trust Price Performance
IIP.UN traded down C$0.02 during trading on Monday, reaching C$10.03. The stock had a trading volume of 326,681 shares, compared to its average volume of 390,692. InterRent Real Estate Investment Trust has a one year low of C$9.92 and a one year high of C$14.50. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The business has a 50-day moving average of C$11.05 and a 200-day moving average of C$11.94. The stock has a market cap of C$1.48 billion, a PE ratio of -501.50 and a beta of 1.13.
InterRent Real Estate Investment Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from InterRent Real Estate Investment Trust's previous monthly dividend of $0.03. InterRent Real Estate Investment Trust's dividend payout ratio 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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