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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
TSE:IIP.UN

Interrent Real Estate Investment Trust Stock Forecast, Price & News

C$12.18
+0.02 (+0.16%)
(As of 06/28/2022 12:00 AM ET)
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Compare
Today's Range
C$12.10
C$12.37
50-Day Range
C$11.97
C$15.38
52-Week Range
C$11.85
C$18.64
Volume
202,553 shs
Average Volume
419,424 shs
Market Capitalization
C$1.71 billion
P/E Ratio
4.73
Dividend Yield
2.81%
Price Target
C$18.32
30 days | 90 days | 365 days | Advanced Chart

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IIP.UN Stock Forecast (MarketRank)

Overall MarketRank

2.35 out of 5 stars

Analyst Opinion: 3.4Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
Interrent Real Estate Investment Trust logo

About Interrent Real Estate Investment Trust (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 News Headlines

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Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
Current Symbol
TSE:IIP.UN
Previous Symbol
TSE:IIP..UN
CIK
N/A
Fax
N/A
Employees
359
Year Founded
N/A

Company Calendar

Ex-Dividend for 5/16 Dividend
4/28/2022
Dividend Payable
5/16/2022
Today
6/29/2022

Price Target and Rating

Average Stock Price Forecast
C$18.32
High Stock Price Forecast
C$20.25
Low Stock Price Forecast
C$15.50
Forecasted Upside/Downside
+50.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$194.00 million
Cash Flow
C$0.01 per share
Book Value
C$17.85 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.71 billion
Optionable
Not Optionable
Beta
N/A














Interrent Real Estate Investment Trust Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Interrent Real Estate Investment Trust stock.
View analyst ratings for Interrent Real Estate Investment Trust
or view top-rated stocks.

What is Interrent Real Estate Investment Trust's stock price forecast for 2022?

4 Wall Street research analysts have issued 12 month target prices for Interrent Real Estate Investment Trust's shares. Their IIP.UN stock forecasts range from C$15.50 to C$20.25. On average, they predict Interrent Real Estate Investment Trust's share price to reach C$18.32 in the next year. This suggests a possible upside of 50.4% from the stock's current price.
View analysts' price targets for Interrent Real Estate Investment Trust
or view top-rated stocks among Wall Street analysts.

How has Interrent Real Estate Investment Trust's stock price performed in 2022?

Interrent Real Estate Investment Trust's stock was trading at C$17.31 on January 1st, 2022. Since then, IIP.UN stock has decreased by 29.6% and is now trading at C$12.18.
View the best growth stocks for 2022 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 Thursday, April 28th. Stockholders of record on Monday, May 16th will be paid a dividend of 0.0285 per share on Monday, May 16th. This represents a $0.34 annualized dividend and a yield of 2.81%. The ex-dividend date is Thursday, April 28th. This is a positive change from Interrent Real Estate Investment Trust's previous monthly dividend of C$0.03.
View Interrent Real Estate Investment Trust's dividend history
.

Is Interrent Real Estate Investment Trust a good dividend stock?

Interrent Real Estate Investment Trust(TSE:IIP.UN) pays an annual dividend of C$0.33 per share and currently has a dividend yield of 2.81%. The dividend payout ratio of Interrent Real Estate Investment Trust is 12.90%. This payout ratio is at a healthy, sustainable level, below 75%.
View Interrent Real Estate Investment Trust's dividend history.

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 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.

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

One share of IIP.UN stock can currently be purchased for approximately C$12.18.

How much money does Interrent Real Estate Investment Trust make?

Interrent Real Estate Investment Trust (TSE:IIP.UN) has a market capitalization of C$1.71 billion and generates C$194.00 million in revenue each year.

How many employees does Interrent Real Estate Investment Trust have?

Interrent Real Estate Investment Trust employs 359 workers across the globe.

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 official website for Interrent Real Estate Investment Trust is www.interrentreit.com. The real estate investment trust can be reached via phone at +1-613-5695699.

This page (TSE:IIP.UN) was last updated on 6/29/2022 by MarketBeat.com Staff

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