InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Average Rating of "Hold" by Brokerages

Key Points

• InterRent Real Estate Investment Trust (TSE:IIP.UN) has received an average rating of "Hold" from eight brokerages, with two sell ratings, three holds, and three buys.
• TD Securities recently downgraded the stock from a "hold" to a "sell" rating, lowering its target price from C$14.00 to C$13.55.
• The company declared a monthly dividend of $0.0331, with a dividend yield of 3.0%, and a payout ratio of -31.47%.

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$13.27.

Several equities analysts have recently commented on IIP.UN shares. TD Securities lowered InterRent Real Estate Investment Trust from a "hold" rating to a "sell" rating and decreased their target price for the stock from C$14.00 to C$13.55 in a research note on Monday, July 14th. Raymond James Financial downgraded InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and increased their price objective for the company from C$13.25 to C$14.00 in a report on Wednesday, May 28th. National Bankshares set a C$13.55 target price on InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a research report on Wednesday, May 28th. Desjardins cut InterRent Real Estate Investment Trust from a "hold" rating to a "sell" rating and set a C$13.55 price objective for the company. in a research report on Monday, August 11th. Finally, Royal Bank Of Canada cut InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$14.50 to C$13.55 in a report on Monday, June 9th.

InterRent Real Estate Investment Trust Stock Performance

TSE IIP.UN opened at C$13.35 on Wednesday. The stock's fifty day moving average is C$13.31 and its two-hundred day moving average is C$12.41. The firm has a market capitalization of C$1.86 billion, a P/E ratio of -10.76 and a beta of 0.70. 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 has a fifty-two week low of C$9.40 and a fifty-two week high of C$13.80.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were issued a $0.0331 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 29th. InterRent Real Estate Investment Trust's payout ratio is -31.47%.

InterRent Real Estate Investment Trust Company Profile

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.

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