InterRent Real Estate Investment Trust (TSE:IIP.UN) Rating Increased to Buy at 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 note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has C$14.00 price target on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. BMO Capital Markets decreased their price objective on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a research note on Monday, October 28th. National Bankshares raised their target price on shares of 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.93.

InterRent Real Estate Investment Trust Trading Down 2.6 %

Shares of IIP.UN stock opened at C$10.95 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 has a fifty day simple moving average of C$12.34 and a 200-day simple moving average of C$12.26. InterRent Real Estate Investment Trust has a fifty-two week low of C$10.84 and a fifty-two week high of C$14.50. The stock has a market cap of C$1.62 billion, a P/E ratio of -547.50 and a beta of 1.13.

InterRent Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a $0.0315 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.38 annualized dividend and a dividend yield of 3.45%. 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.