Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN – Get Rating) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$14.03 and trades as high as C$14.65. Interrent Real Estate Investment Trust shares last traded at C$14.58, with a volume of 483,394 shares traded.
Analyst Ratings Changes
IIP.UN has been the subject of several research reports. Royal Bank of Canada dropped their target price on Interrent Real Estate Investment Trust from C$18.00 to C$16.50 and set an “outperform” rating for the company in a research report on Friday, November 11th. BMO Capital Markets dropped their price target on Interrent Real Estate Investment Trust from C$15.00 to C$14.50 in a report on Monday, November 14th. Raymond James reduced their price target on Interrent Real Estate Investment Trust from C$16.25 to C$15.75 and set an “outperform” rating for the company in a research report on Friday, November 11th. Canaccord Genuity Group upped their price objective on Interrent Real Estate Investment Trust from C$14.50 to C$15.50 in a report on Friday, January 27th. Finally, National Bankshares boosted their target price on Interrent Real Estate Investment Trust from C$14.00 to C$15.75 and gave the company an “outperform” rating in a research note on Monday, January 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$15.88.
Interrent Real Estate Investment Trust Trading Down 0.7 %
The stock has a market cap of C$2.06 billion, a PE ratio of 6.78 and a beta of 0.97. 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 50-day moving average price of C$14.07 and a two-hundred day moving average price of C$12.77.
Interrent Real Estate Investment Trust Announces Dividends
The business also recently declared a monthly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 15th were paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, January 30th. Interest Real Estate Investment Trust’s dividend payout ratio is presently 16.74%.
Insider Activity
In related news, Director Ronald A. Leslie sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of C$12.83, for a total value of C$89,810.00. Following the completion of 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.
About Interrent Real Estate Investment Trust
(Get Rating)
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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