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

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$14.61.

A number of brokerages have commented on IIP.UN. Raymond James cut their price target on shares of InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research report on Monday. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective for the company in a research note on Wednesday, November 6th. National Bankshares upped their price target on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets cut their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th.

InterRent Real Estate Investment Trust Price Performance

InterRent Real Estate Investment Trust stock opened at C$10.00 on Friday. InterRent Real Estate Investment Trust has a 12 month low of C$9.87 and a 12 month high of C$14.50. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -500.00 and a beta of 1.13. The stock’s 50 day moving average is C$10.44 and its 200-day moving average is C$11.72. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a $0.0331 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.97%. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -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.