TD Securities upgraded shares of InterRent REIT (TSE:IIP – Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.
Separately, Raymond James downgraded shares of InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 5th.
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InterRent REIT Price Performance
InterRent REIT Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.032 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 ?.
About InterRent REIT
InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).
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