InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0331 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.40 annualized dividend and a yield of 3.94%. The ex-dividend date is Tuesday, December 31st. This is an increase from InterRent Real Estate Investment Trust's previous monthly dividend of $0.03.
InterRent Real Estate Investment Trust Stock Down 0.4 %
Shares of IIP.UN traded down C$0.04 during midday trading on Friday, hitting C$10.09. The company had a trading volume of 535,937 shares, compared to its average volume of 390,386. InterRent Real Estate Investment Trust has a 1 year low of C$9.92 and a 1 year high of C$14.50. The firm has a market capitalization of C$1.49 billion, a P/E ratio of -504.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company's 50-day simple moving average is C$10.90 and its 200-day simple moving average is C$11.88.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on IIP.UN. National Bankshares lifted their price target on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. BMO Capital Markets decreased their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. TD Securities raised InterRent Real Estate Investment Trust from a "hold" rating to a "buy" rating and set a C$14.00 target price on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price target on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$14.92.
Get Our Latest Report on IIP.UN
About InterRent Real Estate Investment Trust
(
Get Free Report)
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.
Featured Articles
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
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
