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

InterRent Real Estate Investment Trust (TSE:IIP.UNGet Free Report) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$14.93.

Several brokerages have issued reports on IIP.UN. BMO Capital Markets lowered their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. National Bankshares boosted their price target on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a report on Wednesday, November 6th.

View Our Latest Stock Analysis on InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust Price Performance

TSE:IIP.UN opened at C$10.55 on Thursday. The company has a 50 day moving average price of C$11.74 and a 200-day moving average price of C$12.13. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -527.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 1-year low of C$10.50 and a 1-year high of C$14.50. 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a $0.0315 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 3.58%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -1,900.00%.

About InterRent Real Estate Investment Trust

(Get Free Report

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.

Read More

Analyst Recommendations for InterRent Real Estate Investment Trust (TSE:IIP.UN)

Receive News & Ratings for InterRent Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterRent Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.