Analysts Set InterRent Real Estate Investment Trust (TSE:IIP.UN) Target Price at C$14.92

InterRent Real Estate Investment Trust (TSE:IIP.UN) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$14.92.

A number of analysts recently issued reports on the stock. 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 upped their target price on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price target on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. Finally, TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research note on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Down 0.4 %

Shares of TSE IIP.UN opened at C$10.09 on Monday. 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 1 year low of C$9.92 and a 1 year high of C$14.50. The stock’s 50-day simple moving average is C$10.90 and its 200-day simple moving average is C$11.88. The firm has a market cap of C$1.49 billion, a price-to-earnings ratio of -504.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.94%. This is a boost from InterRent Real Estate Investment Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, December 31st. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -1,900.00%.

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.