InterRent Real Estate Investment Trust (TSE:IIP.UN) Declares Monthly Dividend of $0.03

InterRent Real Estate Investment Trust (TSE:IIP.UN) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.0315 per share by the real estate investment trust on Friday, November 15th. This represents a $0.38 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, October 31st.

InterRent Real Estate Investment Trust Stock Down 0.3 %

InterRent Real Estate Investment Trust stock traded down C$0.03 during midday trading on Tuesday, hitting C$11.91. 48,657 shares of the company’s stock were exchanged, compared to its average volume of 361,361. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The company has a market cap of C$1.76 billion, a PE ratio of -595.50 and a beta of 1.13. The firm has a 50-day moving average of C$12.51 and a two-hundred day moving average of C$12.30. InterRent Real Estate Investment Trust has a 12 month low of C$11.43 and a 12 month high of C$14.50.

Wall Street Analysts Forecast Growth

IIP.UN has been the topic of a number of recent research reports. National Bankshares increased their price objective on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research note on Wednesday, October 9th. BMO Capital Markets dropped their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, InterRent Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$15.07.

InterRent Real Estate Investment Trust Company Profile

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.