InterRent Real Estate Investment Trust (TSE:IIP.UN) Shares Pass Above 50-Day Moving Average – Here’s What Happened

InterRent Real Estate Investment Trust (TSE:IIP.UN)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$13.26 and traded as high as C$13.41. InterRent Real Estate Investment Trust shares last traded at C$13.41, with a volume of 224,164 shares changing hands.

InterRent Real Estate Investment Trust Trading Up 0.1%

The firm has a market cap of C$1.88 billion, a PE ratio of -18.78 and a beta of 0.68. The company has a 50-day simple moving average of C$13.26 and a 200 day simple moving average of C$13.31. 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 declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.0331 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 31st. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -55.36%.

About InterRent Real Estate Investment Trust

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.