TSE:IIP.UNInterrent Real Estate Investment Trust Stock Price, Forecast & News

C$14.49

+0.14 (+0.98 %)

(As of 06/5/2020 08:43 AM ET)

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Today's Range

C$14.19

Now: C$14.49▼

C$14.55

50-Day Range

C$13.53

MA: C$14.24▼

C$15.23

52-Week Range

C$10.39

Now: C$14.49▼

C$19.05

Volume1.22 million shs

Average Volume192,961 shs

Market CapitalizationC$1.77 billion

P/E Ratio4.16

Dividend Yield2.12%

BetaN/A

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Interrent Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$17.09, Interrent Real Estate Investment Trust has a potential upside of 17.9% from its current price of C$14.49.
Amount of Analyst Coverage
Interrent Real Estate Investment Trust has only been the subject of 4 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Interrent Real Estate Investment Trust has received 226 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Interrent Real Estate Investment Trust has received 313 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Interrent Real Estate Investment Trust has received 58.07% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Interrent Real Estate Investment Trust and other stocks. Vote “Outperform” if you believe IIP.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IIP.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Interrent Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 2.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
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 8.89 %. This payout ratio is at a healthy, sustainable level, below 75%.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Interrent Real Estate Investment Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$32,980.00 in company stock and sold C$0.00 in company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Interrent Real Estate Investment Trust is 4.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Interrent Real Estate Investment Trust is 4.16, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 10.56.
Price to Book Value per Share Ratio
Interrent Real Estate Investment Trust has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.22 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Residential

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:IIP.UN

Previous SymbolTSE:IIP..UN

CUSIPN/A

CIKN/A

Webwww.interrentreit.com

Phone+1-613-5695699

Debt

Debt-to-Equity Ratio56.56

Current Ratio0.22

Quick Ratio0.14

Price-To-Earnings

Trailing P/E Ratio4.16

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$150.97 million

Price / Sales11.69

Cash FlowC$0.08 per share

Price / Cash Flow178.41

Book ValueC$14.41 per share

Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees359

Outstanding Shares121,829,000

Market CapC$1.77 billion

Next Earnings DateN/A

OptionableNot Optionable

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Interrent Real Estate Investment Trust (TSE:IIP.UN) Frequently Asked Questions

How has Interrent Real Estate Investment Trust's stock been impacted by COVID-19 (Coronavirus)?

Interrent Real Estate Investment Trust's stock was trading at C$17.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IIP.UN shares have decreased by 16.6% and is now trading at C$14.49. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Interrent Real Estate Investment Trust?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Interrent Real Estate Investment Trust.

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 declared a monthly dividend on Thursday, February 27th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.0258 per share on Monday, March 16th. This represents a $0.31 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Interrent Real Estate Investment Trust's previous monthly dividend of C$0.02. View Interrent Real Estate Investment Trust's dividend history.

What price target have analysts set for IIP.UN?

6 analysts have issued 12-month price objectives for Interrent Real Estate Investment Trust's stock. Their forecasts range from C$15.50 to C$19.25. On average, they expect Interrent Real Estate Investment Trust's stock price to reach C$17.09 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price. View analysts' price targets for Interrent Real Estate Investment Trust.

Has Interrent Real Estate Investment Trust been receiving favorable news coverage?

News stories about IIP.UN stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Interrent Real Estate Investment Trust earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutInterrent Real Estate Investment Trust.

Who are some of Interrent Real Estate Investment Trust's key competitors?

Some companies that are related to Interrent Real Estate Investment Trust include Northview Apartment REIT (NVU.UN), Killam Apartment REIT (KMP.UN), Boardwalk REIT (BEI.UN), Ingenia Communities Group (INA), Pure Multi-Family REIT (RUF.UN), Minto Apartment Real Estate Invt Trust (MI.UN), Morguard North American Residential REIT (MRG.UN), Empiric Student Property (ESP), Bluerock Residential Growth REIT (BRG), US Masters Residential Property Fund Unit (URF), Sigma Capital Group (SGM), KCR Residential Reit (KCR), CIVS SOCI / RED PREF (CSHC), First Real Estate Investment Trust of NJ (FREVS) and Interrent Real Estate Investment Trust (IBVA). View all competitors.

Who are Interrent Real Estate Investment Trust's key executives?

Interrent Real Estate Investment Trust's management team includes the following people:

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

What is Interrent Real Estate Investment Trust's stock symbol?

Interrent Real Estate Investment Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IIP.UN."

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

Shares of IIP.UN and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Interrent Real Estate Investment Trust's stock price today?

One share of IIP.UN stock can currently be purchased for approximately C$14.49.

How big of a company is Interrent Real Estate Investment Trust?

Interrent Real Estate Investment Trust has a market capitalization of C$1.77 billion and generates C$150.97 million in revenue each year. Interrent Real Estate Investment Trust employs 359 workers across the globe.

What is Interrent Real Estate Investment Trust's official website?

The official website for Interrent Real Estate Investment Trust is www.interrentreit.com.

How can I contact Interrent Real Estate Investment Trust?

Interrent Real Estate Investment Trust's mailing address is 485 Bank St Suite 207, OTTAWA, ON K2P 1Z2, Canada. The real estate investment trust can be reached via phone at +1-613-5695699.

This page was last updated on 6/5/2020 by MarketBeat.com Staff