InterRent Real Estate Investment Trust (IIP.UN) to Issue Monthly Dividend of $0.03 on January 15th

InterRent Real Estate Investment Trust (TSE:IIP.UNGet 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.

Check Out Our Latest Analysis on IIP.UN

About InterRent Real Estate Investment Trust

(Get Free Report)

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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Dividend History for InterRent Real Estate Investment Trust (TSE:IIP.UN)

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