InterRent Real Estate Investment Trust (TSE:IIP.UN) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$9.96 and traded as high as C$10.56. InterRent Real Estate Investment Trust shares last traded at C$10.43, with a volume of 353,241 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Scotiabank cut their price target on InterRent Real Estate Investment Trust from C$12.50 to C$12.25 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Raymond James cut their target price on InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. National Bankshares increased their price target on shares of InterRent Real Estate Investment Trust from C$12.00 to C$12.25 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted 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, February 26th. Finally, Royal Bank of Canada decreased their target price on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, InterRent Real Estate Investment Trust currently has an average rating of “Buy” and an average price target of C$13.19.

InterRent Real Estate Investment Trust Stock Up 2.2 %

The company’s 50-day moving average is C$9.97 and its 200 day moving average is C$10.97. The stock has a market capitalization of C$1.60 billion, a PE ratio of -542.50 and a beta of 1.13. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.0331 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.40 annualized dividend and a dividend yield of 3.66%. InterRent Real Estate Investment Trust’s payout ratio is currently -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.