Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$10.38 and traded as high as C$10.72. InterRent Real Estate Investment Trust shares last traded at C$10.59, with a volume of 204,551 shares changing hands.
Analyst Ratings Changes
IIP.UN has been the topic of several research analyst reports. Canaccord Genuity Group lifted their price target on InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. CIBC reduced their price objective on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Raymond James dropped their target price on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Scotiabank dropped their target price on shares of InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$13.13.
Get Our Latest Stock Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Up 0.6 %
The stock has a market cap of C$1.63 billion, a P/E ratio of -550.50 and a beta of 1.13. 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 firm's fifty day moving average is C$10.46 and its 200 day moving average is C$10.57.
InterRent Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.0331 per share. The ex-dividend date was Friday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.61%. InterRent Real Estate Investment Trust's dividend payout ratio (DPR) is presently -1,900.00%.
About InterRent Real Estate Investment Trust
(
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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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