InterRent Real Estate Investment Trust (TSE:IIP.UN) Plans Monthly Dividend of $0.03

InterRent Real Estate Investment Trust (TSE:IIP.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0331 per share by the real estate investment trust on Tuesday, February 18th. This represents a $0.40 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, January 31st.

InterRent Real Estate Investment Trust Trading Down 0.2 %

Shares of IIP.UN stock opened at C$9.73 on Wednesday. InterRent Real Estate Investment Trust has a 52-week low of C$9.63 and a 52-week high of C$14.50. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The firm has a fifty day moving average of C$10.27 and a 200-day moving average of C$11.60. The stock has a market cap of C$1.44 billion, a price-to-earnings ratio of -486.50 and a beta of 1.13.

Analyst Ratings Changes

A number of analysts recently commented on IIP.UN shares. 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 dropped their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. National Bankshares lifted their price objective on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. Raymond James dropped their price target on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets reduced their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$14.56.

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.