Brokerages Set InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target at C$14.61

InterRent Real Estate Investment Trust (TSE:IIP.UN) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$14.61.

IIP.UN has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. TD Securities raised InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research note on Wednesday, November 6th. Raymond James dropped their price objective on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th. National Bankshares boosted their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets dropped their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th.

InterRent Real Estate Investment Trust Trading Down 0.6 %

Shares of IIP.UN stock opened at C$9.94 on Friday. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. InterRent Real Estate Investment Trust has a 1 year low of C$9.87 and a 1 year high of C$14.50. The stock has a fifty day moving average of C$10.42 and a two-hundred day moving average of C$11.70. The firm has a market capitalization of C$1.47 billion, a PE ratio of -497.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0331 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.00%. InterRent Real Estate Investment Trust’s dividend payout ratio is -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.