Raymond James Downgrades InterRent REIT (TSE:IIP) to Moderate Buy

Raymond James lowered shares of InterRent REIT (TSE:IIP) from a strong-buy rating to a moderate buy rating in a report released on Tuesday morning,Zacks.com reports. Raymond James also issued estimates for InterRent REIT’s FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.67 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS and FY2026 earnings at $0.74 EPS.

InterRent REIT Price Performance

InterRent REIT has a 52-week low of C$7.31 and a 52-week high of C$10.19.

InterRent REIT (TSE:IIP) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.17). The company had revenue of C$61.44 million during the quarter.

InterRent REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.032 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.38 annualized dividend 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).