InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$13.19.

Several equities research analysts have recently weighed in on IIP.UN shares. Raymond James reduced their price objective on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. National Bankshares lifted their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. CIBC reduced their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Trading Up 0.4 %

Shares of TSE:IIP.UN opened at C$11.32 on Wednesday. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -566.00 and a beta of 1.13. InterRent Real Estate Investment Trust has a 1-year low of C$9.40 and a 1-year high of C$13.29. The company has a 50 day moving average price of C$10.20 and a 200 day moving average price of C$10.86.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, January 31st. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.