Brokerages Set InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target at C$14.93

InterRent Real Estate Investment Trust (TSE:IIP.UN) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$14.93.

Several brokerages recently issued reports on IIP.UN. BMO Capital Markets lowered their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. National Bankshares raised their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. TD Securities raised InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price target on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Trading Up 2.0 %

Shares of TSE IIP.UN opened at C$10.89 on Thursday. The stock has a market cap of C$1.61 billion, a P/E ratio of -544.50 and a beta of 1.13. The firm has a 50 day moving average price of C$11.70 and a two-hundred day moving average price of C$12.12. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. InterRent Real Estate Investment Trust has a 52-week low of C$10.50 and a 52-week high of C$14.50.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, October 31st. 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.