InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Average Rating of “Moderate Buy” by Analysts

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$14.92.

IIP.UN has been the topic of several recent analyst reports. National Bankshares upped their target price on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price target on the stock in a report on Wednesday, November 6th. BMO Capital Markets reduced their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada lowered their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Performance

TSE:IIP.UN opened at C$10.05 on Monday. The firm’s fifty day simple moving average is C$11.09 and its 200-day simple moving average is C$11.95. 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 stock has a market cap of C$1.49 billion, a PE ratio of -502.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a fifty-two week low of C$9.92 and a fifty-two week high of C$14.50.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.0315 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Thursday, October 31st. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -1,900.00%.

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.