Analysts Set InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target at C$13.50

InterRent Real Estate Investment Trust (TSE:IIP.UN) has been given an average rating of “Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$13.50.

Several research analysts recently commented on IIP.UN shares. Royal Bank of Canada cut their price objective 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. Raymond James cut their price objective on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Wednesday, February 26th. National Bankshares raised their price objective on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective 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 report on Wednesday, February 26th. Finally, CIBC cut their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Trading Down 2.6 %

TSE:IIP.UN opened at C$10.22 on Friday. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$14.40. The firm has a 50-day moving average price of C$9.96 and a two-hundred day moving average price of C$11.03. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of -511.00 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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were given a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Friday, January 31st. InterRent Real Estate Investment Trust’s 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.