Should I buy or sell Interrent Real Estate Investment Trust stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last year. There are currently 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IIP.UN shares. View IIP.UN analyst ratings or view top-rated stocks .

What is Interrent Real Estate Investment Trust's stock price target for 2024?

10 analysts have issued 12 month price targets for Interrent Real Estate Investment Trust's stock. Their IIP.UN share price targets range from C$14.00 to C$16.50. On average, they expect the company's share price to reach C$15.32 in the next twelve months. This suggests a possible upside of 29.5% from the stock's current price. View analysts price targets for IIP.UN or view top-rated stocks among Wall Street analysts .

How have IIP.UN shares performed in 2024?

Interrent Real Estate Investment Trust's stock was trading at C$13.23 at the beginning of 2024. Since then, IIP.UN stock has decreased by 10.6% and is now trading at C$11.83. View the best growth stocks for 2024 here .

How often does Interrent Real Estate Investment Trust pay dividends? What is the dividend yield for Interrent Real Estate Investment Trust?

Interrent Real Estate Investment Trust announced a monthly dividend on Monday, April 29th. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0315 per share on Wednesday, May 15th. This represents a $0.38 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, April 29th. Read our dividend analysis for IIP.UN .

Is Interrent Real Estate Investment Trust a good dividend stock?

Interrent Real Estate Investment Trust (TSE:IIP.UN) pays an annual dividend of C$0.38 per share and currently has a dividend yield of 2.76%. The dividend payout ratio is 59.38%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IIP.UN .

How do I buy shares of Interrent Real Estate Investment Trust?

Shares of IIP.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:IIP.UN

Interrent Real Estate Investment Trust (IIP.UN) Stock Price, News & Analysis

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Free IIP.UN Stock Alerts

C$11.83

+0.03 (+0.25%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$11.68
▼
C$11.87
50-Day Range: C$11.80
▼
C$14.40
52-Week Range: C$11.43
▼
C$14.50

Volume: 621,763 shs
Average Volume: 357,467 shs
Market Capitalization: C$1.72 billion

P/E Ratio: 18.48
Dividend Yield: 3.21%
Price Target: C$15.32

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Get Interrent Real Estate Investment Trust alerts:

Interrent Real Estate Investment Trust MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 29.5% Upside
C$15.32 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.69 out of 5 stars

4.3

Analyst's Opinion

Consensus Rating
Interrent Real Estate Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 5 buy ratings, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Interrent Real Estate Investment Trust has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for IIP.UN.

1.7

Dividend Strength

Dividend Yield
Interrent Real Estate Investment Trust pays a meaningful dividend of 2.76%, 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 59.38%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

3.3

News and Social Media Coverage

News Sentiment
Interrent Real Estate Investment Trust has a news sentiment score of 1.00. 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 higher news sentiment than the 0.51 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Interrent Real Estate Investment Trust this week, compared to 0 articles on an average week.
MarketBeat Follows
1 people have added Interrent Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days.

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 4.12% of the stock of Interrent Real Estate Investment Trust is held by insiders.
Percentage Held by Institutions
Only 35.81% of the stock of Interrent Real Estate Investment Trust is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Interrent Real Estate Investment Trust is 18.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Interrent Real Estate Investment Trust is 18.48, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 209.55.
Price to Book Value per Share Ratio
Interrent Real Estate Investment Trust has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Interrent Real Estate Investment Trust Stock (TSE:IIP.UN)

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: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

IIP.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IIP.UN Stock News Headlines

February 29, 2024 | finance.yahoo.com

INTERRENT REIT PICKS UP GROWTH MOMENTUM WITH STRONG Q4 RESULTS

February 16, 2024 | msn.com

InterRent Real Estate Investment Trust declares CAD 0.0315 dividend

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February 13, 2024 | ca.finance.yahoo.com

InterRent Real Estate Investment Trust (IIP-UN.TO)

January 30, 2024 | wsj.com

InterRent Real Estate Investment Trust

December 18, 2023 | finance.yahoo.com

INTERRENT REIT ANNOUNCES DECEMBER 2023 DISTRIBUTIONS

November 16, 2023 | ca.finance.yahoo.com

INTERRENT REIT ANNOUNCES NOVEMBER 2023 DISTRIBUTIONS

November 1, 2023 | finance.yahoo.com

INTERRENT REIT CONTINUES DOUBLE-DIGIT NOI EXPANSION AND STRENGTHENING FFO/UNIT GROWTH IN Q3 2023

April 18, 2024 | Priority Gold (Ad)

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August 24, 2023 | msn.com

Lanesborough Real Estate Investment Trust reports Q2 results

August 11, 2023 | msn.com

2 Canadian Stocks to Buy After Smashing Earnings

August 2, 2023 | finanznachrichten.de

InterRent REIT Reports 15% Same Property NOI Growth and Accelerated NOI Margin Expansion in Q2 2023

June 30, 2023 | msn.com

Value Investors: 3 Once-in-a-Decade Discounts to Buy Now

June 16, 2023 | finance.yahoo.com

InterRent REIT Announces June 2023 Distributions

June 16, 2023 | msn.com

InterRent Real Estate Investment Trust declares $0.03 dividend

June 13, 2023 | finance.yahoo.com

InterRent Announces Voting Results from the 2023 Annual Meeting

April 26, 2023 | theglobeandmail.com

Closing Bell: Interrent Real Estate Investment Trust down on Tuesday (IIP-UN)

April 19, 2023 | theglobeandmail.com

Closing Bell: Interrent Real Estate Investment Trust down on Wednesday (IIP-UN)

April 17, 2023 | theglobeandmail.com

Closing Bell: Interrent Real Estate Investment Trust down on Monday (IIP-UN)

February 17, 2023 | seekingalpha.com

IIP.UN:CA InterRent Real Estate Investment Trust

December 6, 2022 | nz.finance.yahoo.com

InterRent REIT Announces November 2022 Distributions

October 18, 2022 | technews.tmcnet.com

InterRent REIT Announces October 2022 Distributions

September 29, 2022 | msn.com

3 TSX Stocks That Could Make You a Millionaire

August 11, 2022 | ca.finance.yahoo.com

TFSA Investors: 2 Top Stocks to Buy Before They Rally Any Further

August 9, 2022 | ca.finance.yahoo.com

Stocks in play: InterRent REIT

August 9, 2022 | finance.yahoo.com

Interrent REIT Sees Strong Momentum Building at End of Q2 and Into Q3 as Demand Returns to More Normalized Levels

July 30, 2022 | theglobeandmail.com

Interrent Real Estate Investment Trust stock advanced on Friday.

See More Headlines

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Company Calendar

Ex-Dividend for 2/15 Dividend: 1/30/2024
Dividend Payable: 2/15/2024
Today: 4/18/2024
Ex-Dividend for 5/15 Dividend: 4/29/2024
Dividend Payable: 5/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Residential
Sub-Industry: N/A
Current Symbol: TSE:IIP.UN
Previous Symbol: TSE:IIP..UN
CUSIP: N/A
CIK: N/A
Web: www.interrentreit.com
Phone: +1-613-5695699
Fax: N/A
Employees: 359
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$15.32
High Stock Price Target: C$16.50
Low Stock Price Target: C$14.00
Potential Upside/Downside: +30.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.64
Trailing P/E Ratio: 18.38
Forward P/E Ratio: 19.20
P/E Growth: N/A
Net Income: C$92.24 million
Net Margins: 38.28%
Pretax Margin: N/A
Return on Equity: 3.64%
Return on Assets: 2.02%

Debt

Debt-to-Equity Ratio: 66.88
Current Ratio: 0.14
Quick Ratio: 0.04

Sales & Book Value

Annual Sales: C$240.96 million
Price / Sales: 7.08
Cash Flow: C$0.02 per share
Price / Cash Flow: 740.59
Book Value: C$17.77 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 145,060,000
Free Float: N/A
Market Cap: C$1.71 billion
Optionable: Not Optionable
Beta: 1.08

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Key Executives

Mr. Michael Darryl McGahan
CEO & Trustee
Mr. Bradley Cutsey (Age 46)
Pres
Mr. Curt Millar CPA
CA, Chief Financial Officer
Mr. Dave Nevins
Chief Operating Officer
Mr. Will Chan
Chief Information Officer

Key Competitors

View All Competitors

Insiders

Ronald A. Leslie
Sold 7,500 shares
Total: C$90,337.50 ($12.05/share)

View All Insider Transactions

IIP.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Interrent Real Estate Investment Trust stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last year. There are currently 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IIP.UN shares.
View IIP.UN analyst ratings or view top-rated stocks.
What is Interrent Real Estate Investment Trust's stock price target for 2024?: 10 analysts have issued 12 month price targets for Interrent Real Estate Investment Trust's stock. Their IIP.UN share price targets range from C$14.00 to C$16.50. On average, they expect the company's share price to reach C$15.32 in the next twelve months. This suggests a possible upside of 29.5% from the stock's current price.
View analysts price targets for IIP.UN or view top-rated stocks among Wall Street analysts.
How have IIP.UN shares performed in 2024?: Interrent Real Estate Investment Trust's stock was trading at C$13.23 at the beginning of 2024. Since then, IIP.UN stock has decreased by 10.6% and is now trading at C$11.83.
View the best growth stocks for 2024 here.
How often does Interrent Real Estate Investment Trust pay dividends? What is the dividend yield for Interrent Real Estate Investment Trust?: Interrent Real Estate Investment Trust announced a monthly dividend on Monday, April 29th. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0315 per share on Wednesday, May 15th. This represents a $0.38 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, April 29th.
Read our dividend analysis for IIP.UN.

Is Interrent Real Estate Investment Trust a good dividend stock?: Interrent Real Estate Investment Trust (TSE:IIP.UN) pays an annual dividend of C$0.38 per share and currently has a dividend yield of 2.76%. The dividend payout ratio is 59.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IIP.UN.
How do I buy shares of Interrent Real Estate Investment Trust?: Shares of IIP.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:IIP.UN) was last updated on 4/18/2024 by MarketBeat.com Staff

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Interrent Real Estate Investment Trust (IIP.UN) Stock Price, News & Analysis

Interrent Real Estate Investment Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Interrent Real Estate Investment Trust Stock (TSE:IIP.UN)

IIP.UN Stock Price History

IIP.UN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

IIP.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™