Brokerages Set InterRent Real Estate Investment Trust (TSE:IIP.UN) PT at C$14.56

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$14.56.

A number of research analysts have recently issued reports on the company. TD Securities raised InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research note on Wednesday, November 6th. BMO Capital Markets decreased their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. Raymond James decreased their target price on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada decreased their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Down 1.9 %

Shares of IIP.UN opened at C$9.82 on Tuesday. The company has a market capitalization of C$1.45 billion, a PE ratio of -491.00 and a beta of 1.13. InterRent Real Estate Investment Trust has a 12 month low of C$9.40 and a 12 month high of C$14.50. The stock’s 50-day moving average price is C$10.05 and its two-hundred day moving average price is C$11.33. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0331 per share. The ex-dividend date is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.04%. InterRent Real Estate Investment Trust’s dividend payout ratio is currently -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.