InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.67 and traded as low as C$10.21. InterRent Real Estate Investment Trust shares last traded at C$10.28, with a volume of 284,854 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IIP.UN shares. BMO Capital Markets cut 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. National Bankshares upped their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. Royal Bank of Canada decreased 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. Finally, TD Securities raised shares of 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 report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has issued 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.com, InterRent Real Estate Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of C$14.92.

InterRent Real Estate Investment Trust Price Performance

The firm has a fifty day moving average of C$10.64 and a two-hundred day moving average of C$11.80. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The company has a market capitalization of C$1.51 billion, a PE ratio of -511.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0331 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.89%. This is an increase from InterRent Real Estate Investment Trust's previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. InterRent Real Estate Investment Trust's dividend payout ratio is -1,900.00%.

About InterRent Real Estate Investment Trust

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.