InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$13.13 Average PT from Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$13.13.

IIP.UN has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price target on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Raymond James reduced their target price on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Scotiabank dropped their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, CIBC decreased their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Trading Down 0.1 %

TSE IIP.UN opened at C$10.93 on Friday. The stock has a 50-day moving average of C$10.51 and a 200-day moving average of C$10.55. 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 has a 1-year low of C$9.40 and a 1-year high of C$13.20. The firm has a market cap of C$1.62 billion, a PE ratio of -546.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.0331 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.63%. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.