InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$10.38 and traded as high as C$10.72. InterRent Real Estate Investment Trust shares last traded at C$10.59, with a volume of 204,551 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on IIP.UN shares. CIBC dropped 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 report on Wednesday, February 26th. Scotiabank dropped their price objective on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada lowered 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 report on Wednesday, February 26th. Raymond James cut their price target 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. Finally, Canaccord Genuity Group upped 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.13.
Get Our Latest Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Performance
The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of -550.50 and a beta of 1.13. The stock's 50-day simple moving average is C$10.44 and its two-hundred day simple moving average is C$10.58. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43.
InterRent Real Estate Investment Trust Announces Dividend
The business also recently disclosed 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 3.61%. The ex-dividend date was Friday, January 31st. InterRent Real Estate Investment Trust's dividend payout ratio is currently -1,900.00%.
About InterRent Real Estate Investment Trust
(
Get Free Report)
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.
See Also
Before you consider InterRent Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterRent Real Estate Investment Trust wasn't on the list.
While InterRent Real Estate Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
