InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$14.93 Consensus PT from Analysts

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$14.93.

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

InterRent Real Estate Investment Trust Stock Performance

IIP.UN stock opened at C$10.70 on Thursday. InterRent Real Estate Investment Trust has a twelve month low of C$10.50 and a twelve month high of C$14.50. The business’s fifty day moving average is C$11.66 and its 200-day moving average is C$12.11. 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 company has a market cap of C$1.58 billion, a P/E ratio of -535.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.0315 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.38 annualized dividend and a yield of 3.53%. InterRent Real Estate Investment Trust’s payout ratio is presently -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

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.