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

InterRent Real Estate Investment Trust (TSE:IIP.UN) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$14.56.

IIP.UN has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. 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. Raymond James lowered their target price on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a report on Monday, January 13th. National Bankshares lifted their price target on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their price target on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Trading Down 1.0 %

Shares of IIP.UN stock opened at C$9.90 on Friday. The business’s fifty day moving average price is C$10.40 and its 200 day moving average price is C$11.69. The firm has a market capitalization of C$1.46 billion, a PE ratio of -495.00 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 1-year low of C$9.85 and a 1-year high of C$14.50.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0331 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, January 31st. InterRent Real Estate Investment Trust’s dividend payout ratio is currently -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.