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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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Compare
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.
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Interrent Real Estate Investment Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.22 out of 5 stars


Industry, Sector and Symbol

Industry REIT - Residential
Sub-IndustryN/A
Current SymbolTSE:IIP.UN
Previous SymbolTSE:IIP..UN
CUSIPN/A
CIKN/A
Phone+1-613-5695699

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$150.97 million
Cash FlowC$0.08 per share
Book ValueC$14.41 per share

Profitability

Miscellaneous

Employees359
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?

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

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