InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Average Rating of “Buy” by Analysts

InterRent Real Estate Investment Trust (TSE:IIP.UN) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have covered the stock in the last year is C$13.19.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada lowered 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 report on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. National Bankshares increased their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. CIBC lowered 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 research report on Wednesday, February 26th. Finally, Scotiabank dropped their target price on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a research note on Wednesday, February 26th.

InterRent Real Estate Investment Trust Trading Up 0.2 %

InterRent Real Estate Investment Trust stock opened at C$10.35 on Friday. The stock has a 50-day moving average price of C$9.96 and a 200 day moving average price of C$11.00. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$14.40. The stock has a market cap of C$1.53 billion, a PE ratio of -517.50 and a beta of 1.13. 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 disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were issued a $0.0331 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.84%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is -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.