InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$13.27 Average Price Target from Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN) has received a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$13.27.

IIP.UN has been the topic of a number of recent analyst reports. TD Securities lowered shares of InterRent Real Estate Investment Trust from a “hold” rating to a “sell” rating and dropped their price target for the company from C$14.00 to C$13.55 in a research report on Monday, July 14th. Desjardins lowered shares of InterRent Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$13.55 price objective on the stock. in a research report on Monday, August 11th.

InterRent Real Estate Investment Trust Stock Up 0.1%

IIP.UN opened at C$13.40 on Friday. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The company’s 50-day moving average is C$13.37 and its 200 day moving average is C$12.79. InterRent Real Estate Investment Trust has a fifty-two week low of C$9.40 and a fifty-two week high of C$13.80. The firm has a market capitalization of C$1.87 billion, a P/E ratio of -10.80 and a beta of 0.63.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 17th will be given a $0.0331 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 3.0%. InterRent Real Estate Investment Trust’s payout ratio is currently -31.47%.

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.