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

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have earned a consensus rating of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$13.19.

Several research firms recently issued reports on IIP.UN. 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. National Bankshares boosted 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 report on Wednesday, February 26th. Raymond James lowered their price objective on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Scotiabank reduced their target price on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their target price 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.

InterRent Real Estate Investment Trust Stock Performance

IIP.UN stock opened at C$11.32 on Wednesday. The firm has a 50 day moving average of C$10.20 and a two-hundred day moving average of C$10.86. InterRent Real Estate Investment Trust has a 12 month low of C$9.40 and a 12 month high of C$13.29. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -566.00 and a beta of 1.13. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a dividend of $0.0331 per share. The ex-dividend date was Friday, January 31st. This represents a $0.40 annualized dividend and a yield of 3.51%. InterRent Real Estate Investment Trust’s payout ratio is -1,900.00%.

About InterRent Real Estate Investment Trust

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.