InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$9.96 and traded as high as C$10.56. InterRent Real Estate Investment Trust shares last traded at C$10.43, with a volume of 353,241 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Royal Bank of Canada reduced their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. CIBC lowered their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Scotiabank lowered their target price on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, National Bankshares raised their price target on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$13.19.
View Our Latest Research Report on IIP.UN
InterRent Real Estate Investment Trust Trading Up 0.5 %
The firm has a market capitalization of C$1.63 billion, a P/E ratio of -550.50 and a beta of 1.13. The business's 50 day moving average is C$10.00 and its two-hundred day moving average is C$10.94. 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 Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Friday, January 31st. InterRent Real Estate Investment Trust's dividend payout ratio is currently -1,900.00%.
InterRent Real Estate Investment Trust Company Profile
(
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InterRent 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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