InterRent Real Estate Investment Trust Plans Monthly Dividend of $0.03 (TSE:IIP.UN)

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0315 per share by the real estate investment trust on Friday, November 15th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, October 31st.

InterRent Real Estate Investment Trust Price Performance

Shares of InterRent Real Estate Investment Trust stock traded down C$0.08 during trading on Tuesday, reaching C$11.86. The company's stock had a trading volume of 411,232 shares, compared to its average volume of 363,096. The business has a 50 day moving average price of C$12.51 and a 200-day moving average price of C$12.30. 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 capitalization of C$1.75 billion, a P/E ratio of -595.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 12-month low of C$11.43 and a 12-month high of C$14.50.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IIP.UN shares. BMO Capital Markets cut 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. National Bankshares upped 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, October 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$15.07.

InterRent Real Estate Investment Trust Company Profile

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.