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

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

A number of equities analysts recently commented on IIP.UN shares. BMO Capital Markets dropped 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. 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. TD Securities raised InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price on the stock in a research note on Wednesday, November 6th. Finally, Raymond James decreased their price target on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th.

InterRent Real Estate Investment Trust Stock Performance

Shares of TSE:IIP.UN opened at C$10.08 on Tuesday. The firm has a fifty day simple moving average of C$10.13 and a two-hundred day simple moving average of C$11.44. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$14.50. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The stock has a market capitalization of C$1.49 billion, a P/E ratio of -504.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.0331 per share. The ex-dividend date is Friday, January 31st. This represents a $0.40 annualized dividend and a yield of 3.94%. 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.