InterRent Real Estate Investment Trust (TSE:IIP.UN) Reaches New 12-Month Low – What’s Next?

InterRent Real Estate Investment Trust (TSE:IIP.UN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$10.26 and last traded at C$10.30, with a volume of 361882 shares trading hands. The stock had previously closed at C$10.31.

Analysts Set New Price Targets

A number of analysts recently commented on IIP.UN shares. BMO Capital Markets dropped their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. National Bankshares increased their target price on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. TD Securities upgraded 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 report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price objective on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$14.83.

InterRent Real Estate Investment Trust Stock Performance

The company has a 50-day moving average of C$11.17 and a 200 day moving average of C$11.97. The firm has a market capitalization of C$1.49 billion, a PE ratio of -503.00 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 business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.0315 dividend. This represents a $0.38 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Thursday, October 31st. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is -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.