Interrent Real Estate Investment Trust (TSE:IIP.UN) PT Raised to C$15.00 at BMO Capital Markets

Interrent Real Estate Investment Trust (TSE:IIP.UNFree Report) had its price objective raised by BMO Capital Markets from C$14.25 to C$15.00 in a research note released on Monday morning, BayStreet.CA reports.

A number of other research firms also recently issued reports on IIP.UN. TD Securities upped their price target on shares of Interrent Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a hold rating in a research note on Friday. National Bankshares boosted their price objective on shares of Interrent Real Estate Investment Trust from C$15.25 to C$15.50 and gave the company an outperform rating in a research report on Friday. Desjardins set a C$16.00 price objective on shares of Interrent Real Estate Investment Trust and gave the company a buy rating in a research report on Friday, December 8th. Canaccord Genuity Group cut shares of Interrent Real Estate Investment Trust from a buy rating to a hold rating and boosted their price objective for the company from C$13.50 to C$14.00 in a research report on Wednesday, December 20th. Finally, CIBC upped their price target on shares of Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the stock a neutral rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$15.34.

Check Out Our Latest Research Report on IIP.UN

Interrent Real Estate Investment Trust Price Performance

IIP.UN stock opened at C$13.91 on Monday. Interrent Real Estate Investment Trust has a one year low of C$11.43 and a one year high of C$14.81. The company’s fifty day moving average price is C$13.44 and its 200-day moving average price is C$12.82. The company has a debt-to-equity ratio of 67.61, a quick ratio of 0.04 and a current ratio of 0.13. The company has a market capitalization of C$2.01 billion, a PE ratio of -51.52 and a beta of 1.08.

Interrent Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 15th were issued a $0.0315 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.38 annualized dividend and a yield of 2.72%. Interrent Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -140.74%.

About Interrent Real Estate Investment Trust

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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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