InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target Cut to C$14.00

InterRent Real Estate Investment Trust (TSE:IIP.UN - Free Report) had its price objective cut by BMO Capital Markets from C$15.00 to C$14.00 in a research note published on Monday, BayStreet.CA reports.

Separately, National Bankshares boosted their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$15.07.

InterRent Real Estate Investment Trust Stock Performance

Shares of IIP.UN traded up C$0.04 on Monday, reaching C$11.94. 1,281,565 shares of the stock traded hands, compared to its average volume of 362,865. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of -600.50 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. InterRent Real Estate Investment Trust has a 12 month low of C$11.43 and a 12 month high of C$14.50. The stock's 50-day moving average price is C$12.52 and its 200-day moving average price is C$12.30.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a $0.0315 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, October 31st. InterRent Real Estate Investment Trust's dividend payout ratio is currently -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.