InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$14.56 Consensus Target Price from Analysts

InterRent Real Estate Investment Trust (TSE:IIP.UN) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$14.56.

Several analysts have weighed in on IIP.UN shares. TD Securities raised 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 report on Wednesday, November 6th. BMO Capital Markets lowered their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. Royal Bank of Canada lowered their price target on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th. Finally, Raymond James lowered their price target on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a report on Monday, January 13th.

InterRent Real Estate Investment Trust Stock Performance

Shares of IIP.UN opened at C$9.82 on Tuesday. The stock’s 50-day simple moving average is C$10.06 and its 200 day simple moving average is C$11.35. The stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -491.00 and a beta of 1.13. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. InterRent Real Estate Investment Trust has a 52-week low of C$9.40 and a 52-week high of C$14.50.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a $0.0331 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.04%. InterRent Real Estate Investment Trust’s dividend payout ratio is currently -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.