Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$15.16.
Separately, 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 report on Wednesday.
View Our Latest Analysis on IIP.UN
InterRent Real Estate Investment Trust Stock Performance
Shares of TSE IIP.UN traded up C$0.02 during mid-day trading on Wednesday, hitting C$12.06. The company had a trading volume of 277,688 shares, compared to its average volume of 356,241. InterRent Real Estate Investment Trust has a 12 month low of C$11.43 and a 12 month high of C$14.50. 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 market cap of C$1.78 billion, a price-to-earnings ratio of -603.00 and a beta of 1.14. The firm's 50 day simple moving average is C$12.65 and its two-hundred day simple moving average is C$12.42.
InterRent Real Estate Investment Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a $0.0315 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, September 27th. InterRent Real Estate Investment Trust's payout ratio is -1,900.00%.
About InterRent Real Estate Investment Trust
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Get Free ReportInterRent 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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