InterRent Real Estate Investment Trust Announces Monthly Dividend of $0.03 (TSE:IIP.UN)

Key Points

• InterRent Real Estate Investment Trust declared a monthly dividend of $0.03 per share, with a 2.98% annual dividend yield, reflecting a total annualized dividend of $0.40.
• The stock currently trades at C$13.31, with a market capitalization of C$1.97 billion, and has seen analyst rating shifts, with a mix of upgrades and downgrades, leading to a consensus rating of "Hold".
• InterRent's recent stock performance shows a 1-year low of C$9.40 and a 1-year high of C$13.80, indicating volatility in its market value.

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 15th will be paid a dividend of 0.0331 per share by the real estate investment trust on Friday, August 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 31st.

InterRent Real Estate Investment Trust Trading Down 0.6%

Shares of InterRent Real Estate Investment Trust stock traded down C$0.08 during trading hours on Friday, hitting C$13.17. The company's stock had a trading volume of 1,516,350 shares, compared to its average volume of 679,947. InterRent Real Estate Investment Trust has a 1-year low of C$9.40 and a 1-year high of C$13.80. The business has a fifty day moving average of C$13.44 and a 200 day moving average of C$11.52. The company has a market capitalization of C$1.95 billion, a PE ratio of -658.50 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

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.