Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) have received an average rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$13.25.

A number of brokerages have recently commented on IIP.UN. National Bank Financial lifted their price objective on Interrent Real Estate Investment Trust from C$12.50 to C$13.00 in a research report on Wednesday, November 28th. BMO Capital Markets lifted their price objective on Interrent Real Estate Investment Trust from C$12.50 to C$13.50 in a research report on Thursday, November 1st. Royal Bank of Canada lifted their price objective on Interrent Real Estate Investment Trust from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, October 31st. CIBC lifted their price objective on Interrent Real Estate Investment Trust from C$11.50 to C$13.00 in a research report on Wednesday, October 31st. Finally, Desjardins lifted their price objective on Interrent Real Estate Investment Trust from C$12.50 to C$13.50 in a research report on Wednesday, October 31st.

Shares of TSE:IIP.UN opened at C$13.42 on Tuesday. Interrent Real Estate Investment Trust has a 52 week low of C$7.31 and a 52 week high of C$10.19.

The company also recently declared a monthly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be given a dividend of $0.0242 per share. This represents a $0.29 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, November 29th. This is an increase from Interrent Real Estate Investment Trust’s previous monthly dividend of $0.02.

About Interrent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).

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

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