BMO Capital Markets Lowers InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target to C$14.00

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price objective lowered by BMO Capital Markets from C$15.00 to C$14.00 in a research report released on Monday morning, BayStreet.CA reports.

Separately, National Bankshares increased their target price on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$15.07.

InterRent Real Estate Investment Trust Price Performance

IIP.UN stock opened at C$11.39 on Monday. The stock has a market cap of C$1.68 billion, a price-to-earnings ratio of -575.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a fifty-two week low of C$11.39 and a fifty-two week high of C$14.50. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The business has a 50 day moving average price of C$12.49 and a 200 day moving average price of C$12.29.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0315 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 3.32%. InterRent Real Estate Investment Trust’s payout ratio is -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.