InterRent REIT (TSE:IIP – Free Report) – Equities researchers at Cormark lifted their Q4 2024 EPS estimates for InterRent REIT in a research report issued on Wednesday, November 6th. Cormark analyst S. Srinivas now forecasts that the company will post earnings of $0.16 per share for the quarter, up from their prior forecast of $0.15. Cormark also issued estimates for InterRent REIT’s Q1 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.17 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.18 EPS and FY2026 earnings at $0.70 EPS.
A number of other research analysts have also commented on the stock. Raymond James lowered shares of InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday. TD Securities upgraded shares of InterRent REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday.
InterRent REIT Price Performance
InterRent REIT has a one year low of C$7.31 and a one year high of C$10.19.
InterRent REIT (TSE:IIP – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.17). The business had revenue of C$61.44 million for the quarter.
InterRent REIT Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.032 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of ∞.
InterRent REIT Company Profile
InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).
Further Reading
- Five stocks we like better than InterRent REIT
- How to Evaluate a Stock Before Buying
- Dot Ai IPO: CEO Ed Nabrotzky Shares Vision for Logistics Future
- How to Find Undervalued Stocks
- The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut
- How to Use the MarketBeat Dividend Calculator
- The Top 5 Performing S&P 500 Stocks YTD in 2024
Receive News & Ratings for InterRent REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterRent REIT and related companies with MarketBeat.com's FREE daily email newsletter.
