Analysts Set InterRent Real Estate Investment Trust (TSE:IIP.UN) PT at C$13.19

InterRent Real Estate Investment Trust (TSE:IIP.UN) has earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$13.19.

Several equities analysts have weighed in on IIP.UN shares. Raymond James lowered their price target on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada lowered their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Scotiabank cut their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. CIBC lowered their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their target price on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

InterRent Real Estate Investment Trust Stock Down 6.8 %

TSE IIP.UN opened at C$10.52 on Wednesday. The stock’s 50-day moving average price is C$10.28 and its 200-day moving average price is C$10.82. The company has a market capitalization of C$1.56 billion, a P/E ratio of -526.00 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. InterRent Real Estate Investment Trust has a 52 week low of C$9.40 and a 52 week high of C$13.20.

InterRent Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.0331 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.78%. InterRent Real Estate Investment Trust’s payout ratio is -1,900.00%.

About InterRent Real Estate Investment Trust

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.