National Bankshares Forecasts Strong Price Appreciation for InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock

InterRent Real Estate Investment Trust (TSE:IIP.UN) had its price target boosted by National Bankshares from C$12.00 to C$12.25 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Raymond James reduced their price objective on shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Wednesday. Canaccord Genuity Group increased their price objective on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Wednesday. CIBC reduced their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada reduced their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$13.50.

InterRent Real Estate Investment Trust Stock Performance

InterRent Real Estate Investment Trust stock opened at C$9.79 on Wednesday. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. InterRent Real Estate Investment Trust has a 1-year low of C$9.40 and a 1-year high of C$14.40. The firm has a market capitalization of C$1.45 billion, a P/E ratio of -489.50 and a beta of 1.13. The company’s 50-day moving average is C$9.96 and its 200 day moving average is C$11.16.

InterRent Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were issued a dividend of $0.0331 per share. This represents a $0.40 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, January 31st. InterRent Real Estate Investment Trust’s payout ratio is -1,900.00%.

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.