InterRent Real Estate Investment Trust (TSE:IIP.UN) Receives Consensus Rating of "Hold" from Analysts

Key Points

• InterRent Real Estate Investment Trust (TSE:IIP.UN) has received an average consensus rating of "Hold" from analysts, with one sell rating, three hold ratings, and three buy ratings.
• The average 1-year price target for the stock is C$13.24, with BMO Capital Markets recently increasing their target from C$11.50 to C$12.50.
• The company announced a monthly dividend of $0.0331 per share, equating to an annualized yield of 3.0% with a significant dividend payout ratio of -1,900.00%.

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) have received an average rating of "Hold" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$13.24.

A number of equities research analysts have issued reports on IIP.UN shares. BMO Capital Markets upped their target price on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research report on Thursday, May 22nd. National Bankshares set a C$13.55 target price on shares of InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada lowered shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$14.50 to C$13.55 in a research report on Monday, June 9th. TD Securities downgraded InterRent Real Estate Investment Trust from a "hold" rating to a "sell" rating and lowered their price target for the company from C$14.00 to C$13.55 in a research report on Monday, July 14th. Finally, Raymond James Financial cut InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from C$13.25 to C$14.00 in a research report on Wednesday, May 28th.

InterRent Real Estate Investment Trust Price Performance

Shares of TSE:IIP.UN opened at C$13.17 on Tuesday. The firm has a market cap of C$1.95 billion, a price-to-earnings ratio of -658.50 and a beta of 1.13. InterRent Real Estate Investment Trust has a 1 year low of C$9.40 and a 1 year high of C$13.80. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The business has a fifty day simple moving average of C$13.44 and a 200 day simple moving average of C$11.54.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.0331 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) is -1,900.00%.

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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