InterRent Real Estate Investment Trust (TSE:IIP.UN) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UNGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.29 and traded as low as C$13.00. InterRent Real Estate Investment Trust shares last traded at C$13.00, with a volume of 362,907 shares trading hands.

InterRent Real Estate Investment Trust Stock Performance

The firm has a market cap of C$1.82 billion, a price-to-earnings ratio of 376.44 and a beta of 0.46. The stock has a 50 day moving average of C$13.25 and a 200 day moving average of C$13.29. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust (TSE:IIP.UNGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported C($0.03) EPS for the quarter. InterRent Real Estate Investment Trust had a negative net margin of 0.69% and a negative return on equity of 0.06%. The firm had revenue of C$60.89 million for the quarter. As a group, analysts anticipate that InterRent Real Estate Investment Trust will post 0.7585335 EPS for the current fiscal year.

InterRent Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.0331 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 3.1%. InterRent Real Estate Investment Trust’s payout ratio is presently 1,149.30%.

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.

Further Reading

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