BMO Capital Markets Cuts InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$14.00

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

Separately, National Bankshares upped their target price on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$15.07.

InterRent Real Estate Investment Trust Price Performance

Shares of TSE:IIP.UN opened at C$11.65 on Monday. The business’s 50 day simple moving average is C$12.50 and its 200-day simple moving average is C$12.30. The firm has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -593.00 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$11.48 and a 12 month high of C$14.50.

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 issued a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, October 31st. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is -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.