InterRent Real Estate Investment Trust (TSE:IIP.UN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$14.56.

Several brokerages have weighed in on IIP.UN. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research note on Wednesday, November 6th. National Bankshares raised their price objective on 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 price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. Raymond James lowered their target price on InterRent Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, January 13th. Finally, Royal Bank of Canada lowered their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Performance

TSE IIP.UN opened at C$9.69 on Friday. The company has a fifty day simple moving average of C$10.37 and a 200 day simple moving average of C$11.66. InterRent Real Estate Investment Trust has a 12-month low of C$9.69 and a 12-month high of C$14.50. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The company has a market cap of C$1.43 billion, a P/E ratio of -484.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.0331 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, January 31st. InterRent Real Estate Investment Trust’s dividend payout ratio is currently -1,900.00%.

About InterRent Real Estate Investment Trust

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.