InterRent Real Estate Investment Trust (TSE:IIP.UN) Sets New 12-Month High – Should You Buy?

InterRent Real Estate Investment Trust (TSE:IIP.UN) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$13.52 and last traded at C$13.50, with a volume of 165995 shares trading hands. The stock had previously closed at C$13.49.

InterRent Real Estate Investment Trust Price Performance

The company has a market cap of C$1.89 billion, a PE ratio of 390.92 and a beta of 0.54. The business has a 50 day moving average of C$13.05 and a 200 day moving average of C$13.22. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04.

InterRent Real Estate Investment Trust (TSE:IIP.UN) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported C($0.03) EPS for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.06% and a negative net margin of 0.69%.The company had revenue of C$60.89 million during the quarter. As a group, research analysts predict that InterRent Real Estate Investment Trust will post 0.7585335 EPS for the current year.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.0331 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 2.9%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is 1,149.30%.

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.