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

Key Points

• InterRent Real Estate Investment Trust (TSE:IIP.UN) has received an average recommendation of "Hold" from eight analysts, with two selling, three holding, and three buying the stock.
• The company recently declared a monthly dividend of $0.0331 scheduled for payment on November 17th, resulting in a dividend yield of 3.0%.
• InterRent's market cap stands at C$1.87 billion, with its stock trading between a 52-week low of C$9.40 and a high of C$13.80.

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) has earned an average recommendation of "Hold" from the eight analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$13.27.

A number of research analysts recently issued reports on the company. TD Securities downgraded InterRent Real Estate Investment Trust from a "hold" rating to a "sell" rating and decreased their price objective for the stock from C$14.00 to C$13.55 in a report on Monday, July 14th. Desjardins downgraded InterRent Real Estate Investment Trust from a "hold" rating to a "sell" rating and set a C$13.55 price target for the company. in a research note on Monday, August 11th.

InterRent Real Estate Investment Trust Price Performance

TSE:IIP.UN opened at C$13.40 on Friday. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company has a market cap of C$1.87 billion, a PE ratio of -10.80 and a beta of 0.63. InterRent Real Estate Investment Trust has a 52-week low of C$9.40 and a 52-week high of C$13.80. The stock has a 50-day simple moving average of C$13.35 and a 200 day simple moving average of C$12.72.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 17th will be paid a $0.0331 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, October 31st. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) is currently -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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