InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target Raised to C$12.25 at National Bankshares

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price target boosted by National Bankshares from C$12.00 to C$12.25 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on IIP.UN. Royal Bank of Canada reduced their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Wednesday. Scotiabank reduced their price objective on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a research note on Wednesday. TD Securities upgraded shares of 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. Raymond James reduced their price objective on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, CIBC reduced their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, InterRent Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

InterRent Real Estate Investment Trust Price Performance

InterRent Real Estate Investment Trust stock opened at C$9.93 on Wednesday. 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 fifty day moving average of C$9.98 and a 200-day moving average of C$11.22. The firm has a market capitalization of C$1.47 billion, a P/E ratio of -496.50 and a beta of 1.13. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid 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 currently -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.