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

InterRent Real Estate Investment Trust (TSE:IIP.UN) has earned an average rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$13.50.

A number of research firms have recently issued reports on IIP.UN. Canaccord Genuity Group upped their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Raymond James cut 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 report on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Scotiabank dropped their price target on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, CIBC decreased their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Stock Up 1.9 %

IIP.UN opened at C$10.03 on Friday. 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 twelve month low of C$9.40 and a twelve month high of C$14.40. The company has a market cap of C$1.48 billion, a PE ratio of -501.50 and a beta of 1.13. The company has a 50-day moving average price of C$9.95 and a 200 day moving average price of C$11.08.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were paid a $0.0331 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.40 annualized dividend and a yield of 3.96%. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -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.