National Bankshares Raises InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$15.00

InterRent Real Estate Investment Trust (TSE:IIP.UN - Free Report) had its price target lifted by National Bankshares from C$14.75 to C$15.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

InterRent Real Estate Investment Trust Stock Up 0.2 %

TSE:IIP.UN traded up C$0.02 during trading hours on Wednesday, hitting C$12.06. 277,688 shares of the company traded hands, compared to its average volume of 356,241. 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 company has a market cap of C$1.78 billion, a PE ratio of -603.00 and a beta of 1.14. The firm's 50-day simple moving average is C$12.65 and its 200-day simple moving average is C$12.42. InterRent Real Estate Investment Trust has a one year low of C$11.43 and a one year high of C$14.50.

InterRent Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, September 27th. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) is presently -1,900.00%.

About InterRent Real Estate Investment Trust

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.