InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) from a hold rating to a buy rating in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has C$14.00 target price on the real estate investment trust’s stock.

A number of other research firms have also issued reports on IIP.UN. BMO Capital Markets lowered their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. National Bankshares increased their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, InterRent Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of C$14.93.

InterRent Real Estate Investment Trust Stock Down 2.6 %

Shares of IIP.UN stock opened at C$10.95 on Wednesday. InterRent Real Estate Investment Trust has a 1 year low of C$10.84 and a 1 year high of C$14.50. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The business’s fifty day moving average is C$12.34 and its 200-day moving average is C$12.26. The stock has a market cap of C$1.62 billion, a PE ratio of -547.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a dividend of $0.0315 per share. This represents a $0.38 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Thursday, October 31st. InterRent Real Estate Investment Trust’s payout ratio is presently -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.