Interrent Real Estate Investment Trust (TSE:IIP.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Interrent Real Estate Investment Trust (TSE:IIP.UN – Get Rating) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$17.11.

Several brokerages have recently weighed in on IIP.UN. Raymond James cut their price objective on Interrent Real Estate Investment Trust from C$18.25 to C$16.25 and set an “outperform” rating for the company in a report on Friday. CIBC cut their price objective on Interrent Real Estate Investment Trust from C$15.50 to C$15.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank of Canada cut their price objective on Interrent Real Estate Investment Trust from C$22.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday, May 12th. TD Securities reduced their target price on Interrent Real Estate Investment Trust from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Thursday, May 12th. Finally, Scotiabank reduced their target price on Interrent Real Estate Investment Trust from C$16.75 to C$16.50 in a report on Wednesday.

Interrent Real Estate Investment Trust Trading Down 0.3 %

Ad Investing Daily

27 US Cities Where Stocks Yield 26% a Year

What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so almost over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

Shares of IIP.UN stock opened at C$13.01 on Friday. The company has a debt-to-equity ratio of 63.60, a quick ratio of 0.06 and a current ratio of 0.12. Interrent Real Estate Investment Trust has a 1 year low of C$11.50 and a 1 year high of C$18.64. The stock has a fifty day moving average of C$12.50 and a two-hundred day moving average of C$14.15. The firm has a market capitalization of C$1.84 billion and a PE ratio of 5.08.

Interrent Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 15th will be given a $0.0285 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.63%. Interrent Real Estate Investment Trust’s dividend payout ratio is currently 12.98%.

Interrent Real Estate Investment Trust Company Profile

(Get Rating)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Interrent Real Estate Investment Trust, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Interrent Real Estate Investment Trust wasn’t on the list.

While Interrent Real Estate Investment Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here