Interrent Real Estate Investment Trust (TSE:IIP.UN) Receives C$16.64 Consensus PT from Analysts

Interrent Real Estate Investment Trust (TSE:IIP.UN) has received a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$16.64.

Several research firms have recently commented on IIP.UN. BMO Capital Markets boosted their price target on shares of Interrent Real Estate Investment Trust from C$15.00 to C$16.15 in a report on Wednesday, November 6th. CIBC boosted their price target on shares of Interrent Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Wednesday, November 6th. Raymond James set a C$18.00 price target on shares of Interrent Real Estate Investment Trust and gave the company an “outperform” rating in a report on Wednesday, November 6th. National Bank Financial boosted their price target on shares of Interrent Real Estate Investment Trust from C$16.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada boosted their price target on shares of Interrent Real Estate Investment Trust from C$15.50 to C$17.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th.

Shares of Interrent Real Estate Investment Trust stock traded up C$0.10 on Friday, hitting C$17.36. 607,533 shares of the company traded hands, compared to its average volume of 192,961. The company has a 50-day moving average price of C$16.39 and a 200 day moving average price of C$15.91. The company has a quick ratio of 0.02, a current ratio of 0.06 and a debt-to-equity ratio of 60.07. Interrent Real Estate Investment Trust has a 12-month low of C$13.28 and a 12-month high of C$17.33. The company has a market cap of $2.10 billion and a PE ratio of 11.75.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be paid a $0.0258 dividend. This represents a $0.31 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Interrent Real Estate Investment Trust’s previous monthly dividend of $0.02. Interrent Real Estate Investment Trust’s payout ratio is presently 20.97%.

In other Interrent Real Estate Investment Trust news, Senior Officer Michael Robert Clancy acquired 4,000 shares of Interrent Real Estate Investment Trust stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price of C$15.67 per share, with a total value of C$62,680.00. Following the purchase, the insider now owns 59,164 shares in the company, valued at C$927,099.88.

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.

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Analyst Recommendations for Interrent Real Estate Investment Trust (TSE:IIP.UN)

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