InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$10.26 and last traded at C$10.30, with a volume of 361882 shares. The stock had previously closed at C$10.31.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on IIP.UN shares. National Bankshares upped their target price on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. TD Securities upgraded InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 target price for the company in a report on Wednesday, November 6th. BMO Capital Markets decreased their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada dropped their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, InterRent Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of C$14.83.
Read Our Latest Research Report on IIP.UN
InterRent Real Estate Investment Trust Stock Performance
The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -515.00 and a beta of 1.13. 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 stock has a 50 day moving average price of C$11.25 and a two-hundred day moving average price of C$12.00.
InterRent Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.0315 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.62%. InterRent Real Estate Investment Trust's payout ratio is currently -1,900.00%.
About InterRent Real Estate Investment Trust
(
Get Free Report)
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.
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