Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$15.32.
IIP.UN has been the topic of several research reports. CIBC boosted their price target on Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Canaccord Genuity Group cut Interrent Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their target price for the company from C$13.50 to C$14.00 in a report on Wednesday, December 20th. Desjardins set a C$16.00 target price on Interrent Real Estate Investment Trust and gave the company a “buy” rating in a report on Friday, December 8th. Royal Bank of Canada upped their target price on Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, TD Securities upped their target price on Interrent Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Friday, March 1st.
Check Out Our Latest Stock Report on Interrent Real Estate Investment Trust
Interrent Real Estate Investment Trust Stock Performance
TSE:IIP.UN opened at C$12.66 on Friday. The stock has a market cap of C$1.84 billion, a P/E ratio of 19.78 and a beta of 1.08. The company has a current ratio of 0.14, a quick ratio of 0.04 and a debt-to-equity ratio of 66.88. The stock’s 50-day moving average is C$13.74 and its 200-day moving average is C$13.01. Interrent Real Estate Investment Trust has a 1-year low of C$11.43 and a 1-year high of C$14.50.
Interrent Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th were paid a $0.0315 dividend. This represents a $0.38 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, January 30th. Interrent Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 59.38%.
About Interrent Real Estate Investment Trust
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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