InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$10.32 and traded as high as C$10.57. InterRent Real Estate Investment Trust shares last traded at C$10.32, with a volume of 786,221 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Raymond James cut their target price on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. National Bankshares lowered shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$12.25 to C$11.75 in a research report on Monday. CIBC lowered their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Scotiabank decreased their price target 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 report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$13.13.
Check Out Our Latest Stock Analysis on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Performance
The firm has a fifty day moving average of C$10.33 and a 200-day moving average of C$10.68. 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 firm has a market cap of C$1.49 billion, a P/E ratio of -503.50 and a beta of 1.13.
InterRent Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.0331 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, January 31st. InterRent Real Estate Investment Trust's payout ratio is -1,900.00%.
About InterRent Real Estate Investment Trust
(
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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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