InterRent Real Estate Investment Trust (TSE:IIP.UN) Price Target Raised to C$15.00

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price target hoisted by National Bankshares from C$14.75 to C$15.00 in a research note released on Wednesday, BayStreet.CA reports.

InterRent Real Estate Investment Trust Stock Performance

IIP.UN stock opened at C$12.00 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The business’s fifty day simple moving average is C$12.60 and its two-hundred day simple moving average is C$12.39. InterRent Real Estate Investment Trust has a twelve month low of C$11.43 and a twelve month high of C$14.50. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of -600.00 and a beta of 1.14.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.0315 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.38 dividend on an annualized basis and a yield of 3.15%. InterRent Real Estate Investment Trust’s payout ratio is -1,900.00%.

About InterRent Real Estate Investment Trust

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.