TSE:IIP.UN

Interrent Real Estate Investment Trust Stock Forecast, Price & News

C$14.10

+0.09 (+0.64 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

C$13.93

Now: C$14.10▼

C$14.11

50-Day Range

C$13.36

MA: C$13.85▼

C$14.34

52-Week Range

C$10.39

Now: C$14.10▼

C$19.05

Volume142,533 shs

Average Volume320,138 shs

Market CapitalizationC$1.95 billion

P/E Ratio5.00

Dividend Yield2.32%

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.

MarketRank^™

Overall MarketRank^™

1.63 out of 5 stars

2.5 Analyst's Opinion

Consensus Rating
Interrent Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$16.58, Interrent Real Estate Investment Trust has a forecasted upside of 17.6% from its current price of C$14.10.
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 234 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Interrent Real Estate Investment Trust has received 321 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Interrent Real Estate Investment Trust has received 57.84% “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.

1.7 Dividend Strength

Dividend Yield
Interrent Real Estate Investment Trust pays a meaningful dividend of 2.32%, 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 10.93%. This payout ratio is at a healthy, sustainable level, below 75%.

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.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Interrent Real Estate Investment Trust is 5.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Interrent Real Estate Investment Trust is 5.00, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 78.85.
Price to Book Value per Share Ratio
Interrent Real Estate Investment Trust has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees359

Debt

Debt-to-Equity Ratio49.74

Current Ratio0.59

Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio5.00

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$157.33 million

Price / Sales12.38

Cash FlowC$0.28 per share

Price / Cash Flow49.53

Book ValueC$14.62 per share

Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares138,091,000

Market CapC$1.95 billion

Next Earnings DateN/A

OptionableNot Optionable

C$14.10

+0.09 (+0.64 %)

(As of 01/15/2021 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 shares have decreased by 18.9% and is now trading at C$14.10.
View which stocks have been most impacted by COVID-19.

Is Interrent Real Estate Investment Trust a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Interrent Real Estate Investment Trust stock.
View analyst ratings for Interrent Real Estate Investment Trust or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Interrent Real Estate Investment Trust?

Wall Street analysts have given Interrent Real Estate Investment Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Interrent Real Estate Investment Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks 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 declared a monthly dividend on Thursday, October 29th. Shareholders of record on Monday, November 16th will be paid a dividend of 0.0258 per share on Monday, November 16th. This represents a $0.31 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, October 29th.
View Interrent Real Estate Investment Trust's dividend history.

Is Interrent Real Estate Investment Trust a good dividend stock?

Interrent Real Estate Investment Trust pays an annual dividend of C$0.31 per share and currently has a dividend yield of 2.32%. The dividend payout ratio of Interrent Real Estate Investment Trust is 10.93%. This payout ratio is at a healthy, sustainable level, below 75%.
View Interrent Real Estate Investment Trust's dividend history.

What price target have analysts set for IIP.UN?

4 brokers have issued 1-year price objectives for Interrent Real Estate Investment Trust's shares. Their forecasts range from C$14.50 to C$19.25. On average, they expect Interrent Real Estate Investment Trust's share price to reach C$16.58 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
View analysts' price targets for Interrent Real Estate Investment Trust or view Wall Street analyst' top-rated stocks.

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), Pure Multi-Family REIT (RUF.UN), Minto Apartment Real Estate Invt Trust (MI.UN), Morguard North American Residential REIT (MRG.UN), Empiric Student Property plc (ESP.L) (ESP), Sigma Capital Group plc (SGM.L) (SGM), KCR Residential REIT plc (KCR.L) (KCR), CIVS SOCI / RED PREF (CSHC), First Real Estate Investment Trust of New Jersey (FREVS), Ingenia Communities Group (INA.AX) (INA), InterRent Real Estate Investment Trust (IBVA.F) (IBVA), Pure Multi-Family REIT (RUF.UN) and Pure Multi-Family REIT (PMULF).
View all of IIP.UN's 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 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.

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

One share of IIP.UN stock can currently be purchased for approximately C$14.10.

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

Interrent Real Estate Investment Trust has a market capitalization of C$1.95 billion and generates C$157.33 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 1/17/2021 by MarketBeat.com Staff

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