Interrent Real Estate Investment Trust (TSE:IIP.UN) PT Raised to C$16.00

Interrent Real Estate Investment Trust (TSE:IIP.UNFree Report) had its target price hoisted by Cormark from C$15.25 to C$16.00 in a research report report published on Friday morning, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Raymond James upped their target price on Interrent Real Estate Investment Trust from C$16.00 to C$16.25 and gave the company a strong-buy rating in a report on Friday, March 1st. Canaccord Genuity Group lowered Interrent Real Estate Investment Trust from a buy rating to a hold rating and upped their price target for the company from C$13.50 to C$14.00 in a research note on Wednesday, December 20th. BMO Capital Markets upped their price target on Interrent Real Estate Investment Trust from C$14.25 to C$15.00 in a research note on Monday, March 4th. TD Securities upped their price target on 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, March 1st. Finally, CIBC lifted their price objective on shares of Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the company a neutral rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Interrent Real Estate Investment Trust presently has an average rating of Moderate Buy and an average price target of C$15.36.

View Our Latest Research Report on IIP.UN

Interrent Real Estate Investment Trust Trading Up 0.2 %

Shares of TSE:IIP.UN opened at C$14.10 on Friday. The company has a market capitalization of C$2.05 billion, a PE ratio of 22.03 and a beta of 1.08. Interrent Real Estate Investment Trust has a 12-month low of C$11.43 and a 12-month high of C$14.50. The business has a 50 day moving average of C$13.62 and a two-hundred day moving average of C$12.93. The company has a current ratio of 0.14, a quick ratio of 0.04 and a debt-to-equity ratio of 66.88.

Interrent Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.68%. Interrent Real Estate Investment Trust’s payout ratio is 59.38%.

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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