InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.35 and traded as low as C$12.15. InterRent Real Estate Investment Trust shares last traded at C$12.27, with a volume of 500,526 shares changing hands.
Analysts Set New Price Targets
Separately, National Bankshares raised their target price on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$15.16.
Check Out Our Latest Analysis on IIP.UN
InterRent Real Estate Investment Trust Stock Performance
The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The company's 50-day moving average price is C$12.57 and its two-hundred day moving average price is C$12.35. The company has a market cap of C$1.81 billion, a P/E ratio of -613.50 and a beta of 1.13.
InterRent Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0315 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.38 annualized dividend and a dividend yield of 3.10%. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) 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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