Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$15.07.
A number of analysts have recently issued reports on IIP.UN shares. BMO Capital Markets cut their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. National Bankshares lifted their target price on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th.
Read Our Latest Stock Analysis on InterRent Real Estate Investment Trust
Shares of InterRent Real Estate Investment Trust stock opened at C$11.08 on Friday. The business's 50 day moving average price is C$12.44 and its 200 day moving average price is C$12.28. The company has a market cap of C$1.64 billion, a price-to-earnings ratio of -554.00 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. InterRent Real Estate Investment Trust has a one year low of C$11.06 and a one year high of C$14.50.
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a $0.0315 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.41%. InterRent Real Estate Investment Trust's payout ratio is -1,900.00%.
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.
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