Interrent Real Estate Investment Trust (TSE:IIP.UN – Free Report) had its target price decreased by TD Securities from C$15.00 to C$14.00 in a report released on Wednesday morning, BayStreet.CA reports.
Several other analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on Interrent Real Estate Investment Trust from C$14.25 to C$15.00 in a research report on Monday, March 4th. Scotiabank cut their target price on Interrent Real Estate Investment Trust from C$14.75 to C$14.25 and set an outperform rating for the company in a research report on Monday, March 25th. CIBC increased their target price on Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the stock a neutral rating in a research report on Friday, March 1st. National Bankshares increased their target price on Interrent Real Estate Investment Trust from C$15.25 to C$15.50 and gave the stock an outperform rating in a research report on Friday, March 1st. Finally, Raymond James increased their target price on Interrent Real Estate Investment Trust from C$16.00 to C$16.25 and gave the stock a strong-buy rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$15.05.
Check Out Our Latest Report on IIP.UN
Interrent Real Estate Investment Trust Stock Down 0.9 %
Interrent Real Estate Investment Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.0315 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, April 29th. Interrent Real Estate Investment Trust’s dividend payout ratio (DPR) is 59.38%.
Interrent Real Estate Investment Trust Company Profile
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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