InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Average Rating of “Moderate Buy” by Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$14.56.

Several research firms recently weighed in on IIP.UN. 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 note on Wednesday, October 9th. Raymond James cut their price objective on shares of InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research report on Monday, January 13th. 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 report on Monday, October 28th. 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 on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price objective on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Down 1.3 %

Shares of TSE IIP.UN opened at C$9.69 on Friday. The firm has a market capitalization of C$1.43 billion, a PE ratio of -484.50 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. InterRent Real Estate Investment Trust has a 1 year low of C$9.69 and a 1 year high of C$14.50. The firm’s 50-day moving average is C$10.37 and its 200-day moving average is C$11.66.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.0331 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 4.10%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -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.