InterRent Real Estate Investment Trust (TSE:IIP.UN) Given New C$13.00 Price Target at Raymond James

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price target trimmed by Raymond James from C$14.00 to C$13.00 in a research note released on Monday,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets dropped their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. TD Securities upgraded shares of 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. Royal Bank of Canada decreased their price objective on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th. Finally, National Bankshares boosted their target price on shares of 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, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$14.61.

InterRent Real Estate Investment Trust Stock Performance

Shares of TSE IIP.UN opened at C$10.01 on Monday. The stock’s fifty day simple moving average is C$10.47 and its 200 day simple moving average is C$11.73. The stock has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -500.50 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. InterRent Real Estate Investment Trust has a 52-week low of C$9.91 and a 52-week high of C$14.50.

InterRent Real Estate Investment Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.0331 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.97%. This is a positive change from InterRent Real Estate Investment Trust’s previous monthly dividend of $0.03. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) 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.