InterRent Real Estate Investment Trust (TSE:IIP.UN – Free Report) had its price target lifted by National Bankshares from C$14.75 to C$15.00 in a report released on Wednesday, BayStreet.CA reports.
InterRent Real Estate Investment Trust Price Performance
Shares of IIP.UN stock opened at C$12.00 on Wednesday. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The company has a market cap of C$1.77 billion, a P/E ratio of -600.00 and a beta of 1.14. The stock’s 50-day moving average is C$12.60 and its 200 day moving average is C$12.39. InterRent Real Estate Investment Trust has a 1-year low of C$11.43 and a 1-year high of C$14.50.
InterRent Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a $0.0315 dividend. This represents a $0.38 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, September 27th. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -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.
Further Reading
- Five stocks we like better than InterRent Real Estate Investment Trust
- What is the Euro STOXX 50 Index?
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for InterRent Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterRent Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.