Interrent Real Estate Investment Trust (TSE:IIP.UN – Free Report) had its target price decreased by Raymond James from C$16.25 to C$15.75 in a research note published on Wednesday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the real estate investment trust’s stock.
A number of other research firms have also commented on IIP.UN. Veritas Investment Research reissued a reduce rating on shares of Interrent Real Estate Investment Trust in a research report on Friday, March 1st. TD Securities 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 Wednesday. CIBC lifted their price target on shares of Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the company a neutral rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price target on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an outperform rating in a research report on Friday, March 1st. Finally, National Bankshares dropped their target price on shares of Interrent Real Estate Investment Trust from C$15.50 to C$14.00 and set an outperform rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Interrent Real Estate Investment Trust presently has an average rating of Moderate Buy and a consensus target price of C$15.05.
View Our Latest Stock Report on Interrent Real Estate Investment Trust
Interrent Real Estate Investment Trust Trading Down 0.9 %
Interrent Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.0315 per share. The ex-dividend date is Monday, April 29th. This represents a $0.38 dividend on an annualized basis and a yield of 3.11%. Interrent Real Estate Investment Trust’s dividend payout ratio is currently 59.38%.
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.
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