InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.11 and traded as low as C$9.93. InterRent Real Estate Investment Trust shares last traded at C$9.98, with a volume of 550,201 shares changing hands.
Analysts Set New Price Targets
A number of brokerages recently weighed in on IIP.UN. CIBC reduced their target price on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. National Bankshares lifted their target price on InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group boosted 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. Raymond James reduced their price objective on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$13.50.
Read Our Latest Research Report on IIP.UN
InterRent Real Estate Investment Trust Stock Performance
The firm has a market capitalization of C$1.48 billion, a PE ratio of -501.50 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$9.95 and a 200-day moving average price of C$11.07.
InterRent Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.0331 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date 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?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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