InterRent Real Estate Investment Trust (TSE:IIP.UN) Cut to Sector Perform at National Bankshares

National Bankshares lowered shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) from an outperform rating to a sector perform rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has C$11.75 target price on the real estate investment trust’s stock, down from their prior target price of C$12.25.

Other analysts also recently issued reports about the company. Canaccord Genuity Group upped their price objective on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Scotiabank decreased their target price on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Raymond James cut their price target on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. CIBC dropped their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$13.13.

InterRent Real Estate Investment Trust Trading Up 4.1 %

Shares of IIP.UN stock opened at C$10.60 on Monday. The firm’s 50-day simple moving average is C$10.34 and its 200-day simple moving average is C$10.65. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. InterRent Real Estate Investment Trust has a 1-year low of C$9.40 and a 1-year high of C$13.20. The firm has a market cap of C$1.57 billion, a P/E ratio of -530.00 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.0331 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.75%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.