InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives C$14.93 Consensus Target Price from Brokerages

InterRent Real Estate Investment Trust (TSE:IIP.UN) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$14.93.

A number of brokerages recently commented on IIP.UN. National Bankshares raised their price target on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their target price on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. BMO Capital Markets reduced their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. Finally, TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price target for the company in a research note on Wednesday, November 6th.

InterRent Real Estate Investment Trust Trading Up 2.0 %

TSE IIP.UN opened at C$10.89 on Thursday. The stock has a market cap of C$1.61 billion, a P/E ratio of -544.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a fifty-two week low of C$10.50 and a fifty-two week high of C$14.50. The stock has a 50 day simple moving average of C$11.70 and a two-hundred day simple moving average of C$12.12. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, October 31st. InterRent Real Estate Investment Trust’s payout ratio is currently -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

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.