InterRent REIT (TSE:IIP) Upgraded at TD Securities

TD Securities upgraded shares of InterRent REIT (TSE:IIP) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, Raymond James cut InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday.

InterRent REIT Price Performance

InterRent REIT has a 12-month low of C$7.31 and a 12-month high of C$10.19.

InterRent REIT (TSE:IIP) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.17). The firm had revenue of C$61.44 million during the quarter.

InterRent REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.032 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of ∞.

About InterRent REIT

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).