InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$14.93.

A number of research analysts have commented on the company. Royal Bank of Canada decreased their price objective on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. National Bankshares upped their price target on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. BMO Capital Markets dropped their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. Finally, TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price on the stock in a research report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Trading Down 0.5 %

Shares of IIP.UN stock opened at C$10.55 on Thursday. InterRent Real Estate Investment Trust has a 12-month low of C$10.50 and a 12-month high of C$14.50. The firm has a 50 day moving average price of C$11.74 and a two-hundred day moving average price of C$12.13. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The company has a market capitalization of C$1.56 billion, a PE ratio of -527.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.0315 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 3.58%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is -1,900.00%.

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.