InterRent Real Estate Investment Trust (TSE:IIP.UN) Shares Cross Above 50-Day Moving Average – Time to Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN) shares 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 changing hands.

Wall Street Analyst Weigh In

IIP.UN has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their target price on 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. Scotiabank decreased their price objective 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 shares of InterRent Real Estate Investment Trust from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Wednesday, February 26th. CIBC decreased their price target 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 note on Wednesday, February 26th. Finally, National Bankshares increased their price objective 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. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$13.19.

InterRent Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$1.60 billion, a PE ratio of -542.50 and a beta of 1.13. The business’s 50 day moving average is C$9.97 and its 200 day moving average is C$10.97. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given 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 dividend payout ratio (DPR) is -1,900.00%.

About InterRent Real Estate Investment Trust

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.