InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives Consensus Rating of “Hold” from Analysts

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$13.24.

A number of equities research analysts have issued reports on IIP.UN shares. BMO Capital Markets upped their target price on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research report on Thursday, May 22nd. National Bankshares set a C$13.55 target price on shares of InterRent Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Wednesday, May 28th. Royal Bank Of Canada lowered shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$14.50 to C$13.55 in a research report on Monday, June 9th. TD Securities downgraded InterRent Real Estate Investment Trust from a “hold” rating to a “sell” rating and lowered their price target for the company from C$14.00 to C$13.55 in a research report on Monday, July 14th. Finally, Raymond James Financial cut InterRent Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$13.25 to C$14.00 in a research report on Wednesday, May 28th.

InterRent Real Estate Investment Trust Price Performance

Shares of TSE:IIP.UN opened at C$13.17 on Tuesday. The firm has a market cap of C$1.95 billion, a price-to-earnings ratio of -658.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 1 year low of C$9.40 and a 1 year high of C$13.80. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The business has a fifty day simple moving average of C$13.44 and a 200 day simple moving average of C$11.54.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.0331 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. 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.