Interrent Real Estate Investment Trust (OTCMKTS:IIPZF)’s share price reached a new 52-week high on Friday . The company traded as high as $12.23 and last traded at $12.23, with a volume of 2000 shares trading hands. The stock had previously closed at $11.81.
The stock’s 50-day moving average price is $11.84 and its two-hundred day moving average price is $11.08. The stock has a market capitalization of $1.43 billion, a P/E ratio of 33.75 and a beta of 0.19.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.018 dividend. This represents a $0.22 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, October 30th.
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 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.
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