Interrent Real Estate Investment Trust (TSE:IIP.UN – Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$12.98 and trades as low as C$12.34. Interrent Real Estate Investment Trust shares last traded at C$12.47, with a volume of 63,396 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. National Bankshares lifted their price target on Interrent Real Estate Investment Trust from C$15.75 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, March 8th. Canaccord Genuity Group downgraded Interrent Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from C$15.50 to C$15.75 in a research note on Wednesday, March 8th. TD Securities downgraded Interrent Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from C$14.50 to C$16.00 in a research note on Wednesday, March 8th. BMO Capital Markets lifted their price target on Interrent Real Estate Investment Trust from C$14.50 to C$15.50 in a research note on Wednesday, March 8th. Finally, Scotiabank lifted their price target on Interrent Real Estate Investment Trust from C$15.50 to C$15.75 in a research note on Wednesday, March 8th. Three equity research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Interrent Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$15.91.
Interrent Real Estate Investment Trust Trading Up 0.2 %
The company has a debt-to-equity ratio of 67.17, a current ratio of 0.14 and a quick ratio of 0.04. The business has a 50-day moving average of C$12.98 and a 200-day moving average of C$13.42. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of 19.48 and a beta of 0.95.
Interrent Real Estate Investment Trust Announces Dividends
The business also recently announced a monthly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 15th were given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Tuesday, May 30th. Interrent Real Estate Investment Trust’s dividend payout ratio is currently 56.25%.
Interrent Real Estate Investment Trust Company Profile
(Free Report)
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.
Featured Articles
Receive News & Ratings for Interrent Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Interrent Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.