Interrent Real Estate Investment Trust (TSE:IIP.UN – Get Rating) had its price objective increased by National Bankshares from C$15.75 to C$16.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.
Several other analysts have also recently commented on IIP.UN. CIBC decreased their target price on Interrent Real Estate Investment Trust from C$15.00 to C$14.50 and set a neutral rating on the stock in a report on Friday, November 11th. Royal Bank of Canada decreased their target price on Interrent Real Estate Investment Trust from C$18.00 to C$16.50 and set an outperform rating on the stock in a report on Friday, November 11th. Canaccord Genuity Group increased their target price on Interrent Real Estate Investment Trust from C$14.50 to C$15.50 in a report on Friday, January 27th. Raymond James decreased their target price on Interrent Real Estate Investment Trust from C$16.25 to C$15.75 and set an outperform rating on the stock in a report on Friday, November 11th. Finally, BMO Capital Markets decreased their target price on Interrent Real Estate Investment Trust from C$15.00 to C$14.50 in a report on Monday, November 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Interrent Real Estate Investment Trust currently has an average rating of Moderate Buy and an average price target of C$15.91.
Interrent Real Estate Investment Trust Stock Performance
Interrent Real Estate Investment Trust stock opened at C$13.79 on Wednesday. The company has a debt-to-equity ratio of 64.58, a current ratio of 0.07 and a quick ratio of 0.04. The stock has a fifty day moving average price of C$14.19 and a two-hundred day moving average price of C$12.80. Interrent Real Estate Investment Trust has a 52-week low of C$10.79 and a 52-week high of C$16.65. The firm has a market capitalization of C$1.95 billion, a P/E ratio of 6.41 and a beta of 0.97.
Interrent Real Estate Investment Trust Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 15th were paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 2.61%. The ex-dividend date was Monday, January 30th. Interest Real Estate Investment Trust’s payout ratio is 16.74%.
Insider Buying and Selling at Interrent Real Estate Investment Trust
In other Interrent Real Estate Investment Trust news, Director Ronald A. Leslie sold 7,000 shares of the stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of C$12.83, for a total value of C$89,810.00. Following the transaction, the director now owns 76,826 shares of the company’s stock, valued at C$985,677.58. Insiders own 3.27% of the company’s stock.
Interrent Real Estate Investment Trust Company Profile
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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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