Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$9.90 and last traded at C$9.91, with a volume of 19294 shares traded. The stock had previously closed at C$10.01.
Analysts Set New Price Targets
A number of brokerages recently weighed in on IIP.UN. TD Securities raised InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 price objective on the stock in a report on Wednesday, November 6th. Raymond James reduced their price target on shares of InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research report on Monday. Royal Bank of Canada lowered their price objective on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. National Bankshares increased their target price on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets lowered their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, InterRent Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$14.61.
Check Out Our Latest Report on IIP.UN
InterRent Real Estate Investment Trust Price Performance
The firm has a fifty day moving average price of C$10.44 and a two-hundred day moving average price of C$11.72. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The stock has a market capitalization 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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.0331 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 4.00%. 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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