Interrent Real Estate Investment Trust (TSE:IIP.UN) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$15.68.

IIP.UN has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Interrent Real Estate Investment Trust from C$14.50 to C$15.50 and gave the stock an “average” rating in a report on Thursday, August 1st. TD Securities upped their price objective on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets upped their price objective on shares of Interrent Real Estate Investment Trust from C$15.00 to C$16.15 in a report on Thursday, August 1st. National Bank Financial upped their price objective on shares of Interrent Real Estate Investment Trust from C$14.50 to C$15.50 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Finally, Raymond James upped their price objective on shares of Interrent Real Estate Investment Trust from C$15.50 to C$16.00 in a report on Thursday, August 1st.

In other Interrent Real Estate Investment Trust news, Senior Officer Michael Robert Clancy bought 19,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was purchased at an average price of C$14.09 per share, for a total transaction of C$267,710.00. Following the completion of the transaction, the insider now directly owns 53,814 shares of the company’s stock, valued at C$758,239.26.

TSE IIP.UN traded down C$0.03 on Friday, hitting C$15.49. 54,214 shares of the company were exchanged, compared to its average volume of 192,961. The company has a market cap of $1.66 billion and a PE ratio of 9.34. Interrent Real Estate Investment Trust has a 12 month low of C$11.11 and a 12 month high of C$15.63. The stock has a fifty day moving average of C$14.62 and a 200-day moving average of C$14.14. The company has a current ratio of 0.07, a quick ratio of 0.02 and a debt-to-equity ratio of 74.54.

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were issued a dividend of $0.0242 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.29 dividend on an annualized basis and a yield of 1.87%. Interrent Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 17.49%.

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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