InterRent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0331 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Tuesday, December 31st. This is an increase from InterRent Real Estate Investment Trust’s previous monthly dividend of $0.03.
InterRent Real Estate Investment Trust Stock Performance
TSE IIP.UN traded down C$0.04 on Friday, reaching C$10.09. The stock had a trading volume of 535,937 shares, compared to its average volume of 390,386. The stock has a market cap of C$1.49 billion, a P/E ratio of -504.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 12-month low of C$9.92 and a 12-month high of C$14.50. The business’s 50-day moving average price is C$10.90 and its 200 day moving average price is C$11.88. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. BMO Capital Markets reduced 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 reduced their target price on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. TD Securities raised InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price target on the stock in a report on Wednesday, November 6th. Finally, National Bankshares upped their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$14.92.
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.
Read More
- Five stocks we like better than InterRent Real Estate Investment Trust
- 5 Top Rated Dividend Stocks to Consider
- Power Up: Gaming Industry Expansion Fuels Stock Opportunities
- Bank Stocks – Best Bank Stocks to Invest In
- These 3 Quirky ETFs May Be Strong Plays in 2025
- Financial Services Stocks Investing
- Buffett Takes the Bait; Berkshire Buys More Oxy in December
Receive News & Ratings for InterRent Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterRent Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.