InterRent Real Estate Investment Trust (TSE:IIP.UN) Sets New 52-Week Low – Should You Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$10.40 and last traded at C$10.40, with a volume of 31445 shares trading hands. The stock had previously closed at C$10.42.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IIP.UN shares. Royal Bank of Canada decreased their target price on InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research report on Wednesday, November 6th. National Bankshares lifted their price objective on shares of InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price for the company in a research report on Wednesday, November 6th. Finally, BMO Capital Markets decreased their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$14.83.

InterRent Real Estate Investment Trust Stock Performance

The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The company has a market capitalization of C$1.52 billion, a PE ratio of -519.50 and a beta of 1.13. The company has a 50-day moving average price of C$11.34 and a two-hundred day moving average price of C$12.02.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.0315 per share. This represents a $0.38 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, October 31st. InterRent Real Estate Investment Trust’s dividend payout ratio is presently -1,900.00%.

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.