InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.41 and traded as low as C$13.19. InterRent Real Estate Investment Trust shares last traded at C$13.19, with a volume of 1,308,733 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. National Bankshares set a C$13.55 price target on InterRent Real Estate Investment Trust and gave the company a "sector perform" rating in a report on Wednesday, May 28th. Raymond James Financial cut InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from C$13.25 to C$14.00 in a research report on Wednesday, May 28th. CIBC lifted their price objective on InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research report on Thursday, May 22nd. BMO Capital Markets lifted their price objective on InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada cut InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$14.50 to C$13.55 in a research report on Monday, June 9th. 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$13.27.
View Our Latest Analysis on IIP.UN
InterRent Real Estate Investment Trust Stock Performance
The company has a market capitalization of C$1.97 billion, a P/E ratio of -664.50 and a beta of 1.13. The firm has a 50 day moving average price of C$13.40 and a two-hundred day moving average price of C$11.75. 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 Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were given a dividend of $0.0331 per share. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.0%. InterRent Real Estate Investment Trust's dividend payout ratio is -1,900.00%.
About InterRent Real Estate Investment Trust
(
Get Free Report)
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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