Interrent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.0315 per share by the real estate investment trust on Wednesday, May 15th. This represents a $0.38 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Monday, April 29th.
Interrent Real Estate Investment Trust Stock Down 0.1 %
Interrent Real Estate Investment Trust stock traded down C$0.01 during trading hours on Friday, hitting C$12.12. 117,215 shares of the stock traded hands, compared to its average volume of 346,902. The firm's 50-day moving average price is C$13.33 and its two-hundred day moving average price is C$12.97. The company has a current ratio of 0.14, a quick ratio of 0.04 and a debt-to-equity ratio of 66.88. The company has a market cap of C$1.76 billion, a PE ratio of 18.94 and a beta of 1.08. Interrent Real Estate Investment Trust has a one year low of C$11.43 and a one year high of C$14.50.
Wall Street Analyst Weigh In
IIP.UN has been the topic of a number of analyst reports. National Bankshares dropped their price target on Interrent Real Estate Investment Trust from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a research report on Wednesday. CIBC boosted their price target on Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. TD Securities dropped their price target on Interrent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Wednesday. Raymond James dropped their price target on Interrent Real Estate Investment Trust from C$16.25 to C$15.75 and set a "strong-buy" rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an "outperform" rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$15.05.
Check Out Our Latest Stock Analysis on Interrent Real Estate Investment Trust
About Interrent Real Estate Investment Trust
(
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InterRent REIT is a growth-oriented 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. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.
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