OTCMKTS:IIPZF

InterRent Real Estate Investment Trust (IIPZF) Stock Forecast, Price & News

$9.25

0.00 (0.00%)

(As of 09/29/2023 ET)

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Today's Range: $9.25
▼
$9.25
50-Day Range: $9.23
▼
$9.96
52-Week Range: $8.06
▼
$10.97

Volume: 2,413 shs
Average Volume: 8,169 shs
Market Capitalization: $1.32 billion

P/E Ratio: 35.58
Dividend Yield: 2.92%
Price Target: $15.71

Profile Analyst Ratings Chart Competitors Headlines Short Interest

InterRent Real Estate Investment Trust MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 69.8% Upside
$15.71 Price Target
Short Interest: Bearish
0.16% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.28
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
InterRent Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.71, InterRent Real Estate Investment Trust has a forecasted upside of 69.8% from its current price of $9.25.
Amount of Analyst Coverage
InterRent Real Estate Investment Trust has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
0.16% of the outstanding shares of InterRent Real Estate Investment Trust have been sold short.
Short Interest Ratio / Days to Cover
InterRent Real Estate Investment Trust has a short interest ratio ("days to cover") of 24.9, which indicates bearish sentiment.
Change versus previous month
Short interest in InterRent Real Estate Investment Trust has recently increased by 49.55%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
InterRent Real Estate Investment Trust pays a meaningful dividend of 2.88%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
InterRent Real Estate Investment Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of InterRent Real Estate Investment Trust is 103.85%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IIPZF.

1.8

News and Social Media Coverage

News Sentiment
InterRent Real Estate Investment Trust has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for InterRent Real Estate Investment Trust this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, InterRent Real Estate Investment Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.80% of the stock of InterRent Real Estate Investment Trust is held by insiders.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of InterRent Real Estate Investment Trust is 35.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of InterRent Real Estate Investment Trust is 35.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.27.
Price to Book Value per Share Ratio
InterRent Real Estate Investment Trust has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock

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. InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.

IIPZF Price History

30 days | 90 days | 365 days | Advanced Chart

IIPZF Stock News Headlines

September 29, 2023 | americanbankingnews.com

Analyzing InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) and Brandywine Realty Trust (NYSE:BDN)

September 15, 2023 | msn.com

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October 1, 2023 | Goldco (Ad)

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September 11, 2023 | investing.com

KIP Real Estate Investment Trust (KIPR)

August 16, 2023 | finance.yahoo.com

InterRent REIT Announces August 2023 Distributions

August 14, 2023 | investing.com

FTSE JSE Real Estate Investment Trusts (FTJS3512)

July 27, 2023 | markets.businessinsider.com

NexPoint Diversified Real Estate Trust Announces Quarterly Distribution

July 10, 2023 | finance.yahoo.com

InterRent REIT Announces Timing of Second Quarter 2023 Results and Conference Call

October 1, 2023 | Goldco (Ad)

Biden's Digital Dollar Nightmare

May 16, 2023 | finance.yahoo.com

InterRent REIT Announces May 2023 Distributions

May 11, 2023 | markets.businessinsider.com

RBC Capital Keeps a Buy Rating on InterRent REIT Un (IIP.UN)

April 21, 2023 | msn.com

InterRent Real Estate Investment Trust - Unit (IIPZF) Declares $0.03 Dividend

April 18, 2023 | finance.yahoo.com

InterRent REIT Announces April 2023 Distributions

April 6, 2023 | finance.yahoo.com

InterRent REIT Announces Timing of First Quarter 2023 Results and Conference Call

April 5, 2023 | msn.com

Why Arbor Realty Trust (ABR) is Poised to Beat Earnings Estimates Again

March 7, 2023 | seekingalpha.com

InterRent Real Estate Investment Trust says Q4 FFO down Y/Y

March 3, 2023 | marketwatch.com

Real Estate Investment Trusts (REITs) Market 2023 Company Challenges, Latest Advancements, Growth Prediction, and Forecast by 2029

February 16, 2023 | finance.yahoo.com

InterRent REIT Announces February 2023 Distributions

January 27, 2023 | finance.yahoo.com

InterRent REIT Announces Timing of Fourth Quarter 2022 Results and Conference Call

January 20, 2023 | yahoo.com

Whitestone REIT Receives Investment Grade Credit Rating

January 17, 2023 | finance.yahoo.com

InterRent REIT Announces January 2023 Distributions

January 3, 2023 | msn.com

Home REIT investment adviser moves to distance itself from troubled firm ahead of US listing

December 16, 2022 | finance.yahoo.com

InterRent REIT Announces December 2022 Distributions

November 10, 2022 | finance.yahoo.com

InterRent REIT Achieves Same Property NOI Growth of 12.4% Leading to 11th Consecutive Year of Distribution Increases

October 22, 2022 | cnbc.com

Want to invest outside of the stock market? Yieldstreet lets you invest in art, real estate and more

September 16, 2022 | finance.yahoo.com

InterRent REIT Announces September 2022 Distributions

August 29, 2022 | finance.yahoo.com

InterRent REIT Announces Timing of Third Quarter 2022 Results and Conference Call

See More Headlines

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IIPZF Company Calendar

Today: 10/01/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: OTCMKTS:IIPZF
Previous Symbol: OTC:IIPZF
CUSIP: N/A
CIK: N/A
Web: www.interrentreit.com
Phone: (613) 569-5699
Fax: N/A
Employees: 435
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.71
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +69.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.26
Trailing P/E Ratio: 35.58
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $79.96 million
Net Margins: 23.07%
Pretax Margin: 19.39%
Return on Equity: 2.02%
Return on Assets: 1.18%

Debt

Debt-to-Equity Ratio: 0.62
Current Ratio: 0.23
Quick Ratio: 0.23

Sales & Book Value

Annual Sales: $166.45 million
Price / Sales: 7.91
Cash Flow: $0.57 per share
Price / Cash Flow: 16.13
Book Value: $13.61 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 142,420,000
Free Float: 132,735,000
Market Cap: $1.32 billion
Optionable: Not Optionable
Beta: 0.60

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Key Executives

Mr. Michael Darryl McGahan (Age 60)
Exec. Chairman
Comp: $742.71k

Mr. Bradley Cutsey C.F.A. (Age 50)
Pres, CEO & Trustee
Comp: $1.09M

Mr. Curt Millar C.A.
CPA, CA, CPA, Chief Financial Officer

Mr. Dave Nevins C.P.M.
Chief Operating Officer

Mr. Asad Hanif
VP of Acquisitions

Mr. Will Chan
Chief Information Officer

Renee Wei
Director of Investor Relations & Sustainability

Mr. Chris Willoughby
VP of Marketing

Ms. Catherine Hebert
Chief Talent Officer

Mr. Craig Alexander Stewart
VP of Fin.

Key Competitors

View All Competitors

IIPZF Stock - Frequently Asked Questions

Should I buy or sell InterRent Real Estate Investment Trust stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for InterRent Real Estate Investment Trust in the last year. There are currently 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IIPZF shares.
View IIPZF analyst ratings or view top-rated stocks.
What is InterRent Real Estate Investment Trust's stock price forecast for 2023?: 2 Wall Street analysts have issued 1-year price objectives for InterRent Real Estate Investment Trust's shares. Their IIPZF share price forecasts range from $8.00 to $18.00. On average, they expect the company's share price to reach $15.71 in the next year. This suggests a possible upside of 69.8% from the stock's current price.
View analysts price targets for IIPZF or view top-rated stocks among Wall Street analysts.
How have IIPZF shares performed in 2023?: InterRent Real Estate Investment Trust's stock was trading at $9.4741 at the start of the year. Since then, IIPZF stock has decreased by 2.4% and is now trading at $9.25.
View the best growth stocks for 2023 here.
Are investors shorting InterRent Real Estate Investment Trust?: InterRent Real Estate Investment Trust saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 231,500 shares, an increase of 49.5% from the August 31st total of 154,800 shares. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is presently 24.9 days.
View InterRent Real Estate Investment Trust's Short Interest.
When is InterRent Real Estate Investment Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our IIPZF earnings forecast.
Is InterRent Real Estate Investment Trust a good dividend stock?: InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) pays an annual dividend of $0.27 per share and currently has a dividend yield of 2.88%. The dividend payout ratio is 103.85%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for IIPZF.

What is InterRent Real Estate Investment Trust's stock symbol?: InterRent Real Estate Investment Trust trades on the OTCMKTS under the ticker symbol "IIPZF."
How do I buy shares of InterRent Real Estate Investment Trust?: Shares of IIPZF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is InterRent Real Estate Investment Trust's stock price today?: One share of IIPZF stock can currently be purchased for approximately $9.25.
How much money does InterRent Real Estate Investment Trust make?: InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) has a market capitalization of $1.32 billion and generates $166.45 million in revenue each year. The company earns $79.96 million in net income (profit) each year or $0.26 on an earnings per share basis.
How many employees does InterRent Real Estate Investment Trust have?: The company employs 435 workers across the globe.
How can I contact InterRent Real Estate Investment Trust?: InterRent Real Estate Investment Trust's mailing address is 485 Bank Street 485 Bank Street Suite 207, Ottawa A6, K2P 1Z2. The official website for the company is www.interrentreit.com. The company can be reached via phone at (613) 569-5699 or via email at info@interrentreit.com.

This page (OTCMKTS:IIPZF) was last updated on 10/1/2023 by MarketBeat.com Staff

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