InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.35 and traded as low as C$13.28. InterRent Real Estate Investment Trust shares last traded at C$13.30, with a volume of 1,894,396 shares.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Royal Bank Of Canada downgraded InterRent Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$14.50 to C$13.55 in a research report on Monday, June 9th. Raymond James Financial cut shares of InterRent Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and increased their target price for the stock from C$13.25 to C$14.00 in a report on Wednesday, May 28th. CIBC increased their price objective on shares of InterRent Real Estate Investment Trust from C$13.50 to C$14.00 in a research note on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of InterRent Real Estate Investment Trust from C$11.50 to C$12.50 in a research report on Thursday, May 22nd. Finally, 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 research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$13.24.
View Our Latest Stock Report on IIP.UN
InterRent Real Estate Investment Trust Trading Down 0.6%
The firm has a 50-day simple moving average of C$13.44 and a 200-day simple moving average of C$11.52. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The stock has a market cap of C$1.95 billion, a PE ratio of -658.50 and a beta of 1.13.
InterRent Real Estate Investment Trust Dividend Announcement
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 given a dividend of $0.0331 per share. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a yield of 3.0%. InterRent Real Estate Investment Trust's payout ratio 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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