Ronald A. Leslie Sells 7,000 Shares of Interrent Real Estate Investment Trust (TSE:IIP.UN) Stock

Interrent Real Estate Investment Trust (TSE:IIP.UN – Get Rating) Director Ronald A. Leslie sold 7,000 shares of the firm’s stock in a transaction on Thursday, December 29th. The stock was sold at an average price of C$12.83, for a total value of C$89,810.00. Following the completion of the sale, the director now directly owns 76,826 shares of the company’s stock, valued at approximately C$985,677.58.

Interrent Real Estate Investment Trust Price Performance

Shares of IIP.UN traded down C$0.05 on Friday, reaching C$12.80. The stock had a trading volume of 128,840 shares, compared to its average volume of 377,839. The firm has a market capitalization of C$1.81 billion and a PE ratio of 5.98. The company has a quick ratio of 0.04, a current ratio of 0.07 and a debt-to-equity ratio of 64.59. The firm has a 50-day moving average of C$12.23 and a 200-day moving average of C$12.22. Interrent Real Estate Investment Trust has a twelve month low of C$10.79 and a twelve month high of C$17.32.

Interrent Real Estate Investment Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 9th. Investors of record on Friday, December 9th were issued a $0.03 dividend. This is an increase from Interrent Real Estate Investment Trust’s previous monthly dividend of $0.03. This represents a $0.36 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, November 29th. Interrent Real Estate Investment Trust’s dividend payout ratio is currently 15.84%.

Wall Street Analysts Forecast Growth

IIP.UN has been the subject of several research analyst reports. CIBC reduced their price objective on Interrent Real Estate Investment Trust from C$15.00 to C$14.50 and set a “neutral” rating for the company in a report on Friday, November 11th. Royal Bank of Canada cut their target price on Interrent Real Estate Investment Trust from C$18.00 to C$16.50 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Raymond James lowered their target price on Interrent Real Estate Investment Trust from C$16.25 to C$15.75 and set an “outperform” rating for the company in a report on Friday, November 11th. Finally, BMO Capital Markets decreased their price objective on Interrent Real Estate Investment Trust from C$15.00 to C$14.50 in a research note on Monday, November 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.68.

About Interrent Real Estate Investment Trust

(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