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Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$15.07.
A number of research analysts recently issued reports on the stock. Scotiabank boosted their target price on shares of InterRent Real Estate Investment Trust from C$14.25 to C$14.50 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. TD Securities dropped their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Wednesday, April 24th. Raymond James dropped their price target on InterRent Real Estate Investment Trust from C$16.25 to C$15.75 and set a “strong-buy” rating for the company in a research report on Wednesday, April 24th. Finally, National Bankshares reduced their price target on shares of InterRent Real Estate Investment Trust from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th.
View Our Latest Stock Analysis on IIP.UN
InterRent Real Estate Investment Trust Stock Down 0.6 %
InterRent Real Estate Investment Trust stock opened at C$12.34 on Friday. The business has a fifty day moving average price of C$12.02 and a 200-day moving average price of C$12.82. InterRent Real Estate Investment Trust has a 1-year low of C$11.43 and a 1-year high of C$14.50. The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 51.42 and a beta of 1.10. The company has a debt-to-equity ratio of 65.36, a current ratio of 0.55 and a quick ratio of 0.04.
InterRent Real Estate Investment Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be issued a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 28th. InterRent Real Estate Investment Trust’s dividend payout ratio is presently 158.33%.
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.
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