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

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$14.56.

Several brokerages have recently weighed in on IIP.UN. Raymond James lowered their price target on shares of InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research report on Monday, January 13th. BMO Capital Markets decreased their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday, October 28th. TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price for the company in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased 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.

InterRent Real Estate Investment Trust Trading Down 1.9 %

Shares of InterRent Real Estate Investment Trust stock opened at C$9.82 on Tuesday. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The stock has a market capitalization of C$1.45 billion, a PE ratio of -491.00 and a beta of 1.13. The company’s fifty day simple moving average is C$10.05 and its 200-day simple moving average is C$11.33. InterRent Real Estate Investment Trust has a 1-year low of C$9.40 and a 1-year high of C$14.50.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.0331 per share. The ex-dividend date is Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 4.04%. InterRent Real Estate Investment Trust’s payout ratio is -1,900.00%.

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.