InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$10.67 and traded as low as C$10.21. InterRent Real Estate Investment Trust shares last traded at C$10.28, with a volume of 284,854 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada lowered their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th. National Bankshares raised their price target on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. BMO Capital Markets decreased their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. Finally, TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price target for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, InterRent Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$14.92.

InterRent Real Estate Investment Trust Stock Performance

The firm has a market cap of C$1.51 billion, a P/E ratio of -510.00 and a beta of 1.13. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The company’s 50-day moving average is C$10.60 and its two-hundred day moving average is C$11.79.

InterRent Real Estate Investment Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.0331 per share. This is a boost from InterRent Real Estate Investment Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 3.89%. 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.