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TSE:IIP.UN

Interrent Real Estate Investment Trust Stock Forecast, Price & News

C$12.26
-0.40 (-3.16 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
C$12.26
Now: C$12.26
C$12.75
50-Day Range
C$12.40
MA: C$13.04
C$13.87
52-Week Range
C$10.39
Now: C$12.26
C$19.05
Volume464,926 shs
Average Volume509,500 shs
Market CapitalizationC$1.69 billion
P/E Ratio3.80
Dividend Yield2.45%
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: 3.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 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$155.25 million
Cash FlowC$0.77 per share
Book ValueC$14.46 per share

Profitability

Miscellaneous

Employees359
Market CapC$1.69 billion
Next Earnings DateN/A
OptionableNot Optionable
C$12.26
-0.40 (-3.16 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

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 (WHO). Since then, IIP.UN stock has decreased by 29.5% and is now trading at C$12.26.
View which stocks have been most impacted by COVID-19
.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last year. There are currently 2 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 announced a monthly dividend on Friday, August 28th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0258 per share on Tuesday, September 15th. This represents a $0.31 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, August 28th.
View Interrent Real Estate Investment Trust's dividend history
.

What price target have analysts set for IIP.UN?

5 analysts have issued 12 month target prices 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 share price to reach C$16.89 in the next year. This suggests a possible upside of 37.7% from the stock's current price.
View analysts' price targets for Interrent 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$12.26.

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

Interrent Real Estate Investment Trust has a market capitalization of C$1.69 billion and generates C$155.25 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 9/24/2020 by MarketBeat.com Staff

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