InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target Lowered to C$12.50 at Raymond James

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price objective reduced by Raymond James from C$13.00 to C$12.50 in a report issued on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective for the company in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$13.50.

InterRent Real Estate Investment Trust Stock Performance

InterRent Real Estate Investment Trust stock opened at C$9.93 on Wednesday. The stock has a 50-day simple moving average of C$9.98 and a 200 day simple moving average of C$11.22. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. InterRent Real Estate Investment Trust has a 12-month low of C$9.40 and a 12-month high of C$14.40. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -496.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were given a $0.0331 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.40 annualized dividend and a dividend yield of 4.00%. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -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.