Interrent Real Estate Investment Trust to Issue Monthly Dividend of $0.02 (OTCMKTS:IIPZF)

Interrent Real Estate Investment Trust (OTCMKTS:IIPZF) declared a monthly dividend on Thursday, October 15th, Zacks reports. Investors of record on Saturday, October 31st will be paid a dividend of 0.019 per share on Monday, November 16th. This represents a $0.23 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, October 29th.

Shares of IIPZF stock opened at $9.45 on Friday. The business’s fifty day moving average price is $9.56 and its 200 day moving average price is $10.30. Interrent Real Estate Investment Trust has a 1-year low of $9.21 and a 1-year high of $13.02. The firm has a market capitalization of $1.30 billion, a PE ratio of 3.97 and a beta of 0.14.

A number of analysts recently commented on IIPZF shares. TD Securities raised Interrent Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, September 24th. Scotiabank decreased their price objective on Interrent Real Estate Investment Trust from $17.00 to $16.75 and set an “outperform” rating on the stock in a research note on Tuesday, September 1st.

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 primary objectives are: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

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Dividend History for Interrent Real Estate Investment Trust (OTCMKTS:IIPZF)

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