InterRent Real Estate Investment Trust (TSE:IIP.UN) Sets New 52-Week Low – Time to Sell?

InterRent Real Estate Investment Trust (TSE:IIP.UN) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$10.26 and last traded at C$10.30, with a volume of 361882 shares trading hands. The stock had previously closed at C$10.31.

Wall Street Analyst Weigh In

Several research analysts have commented on IIP.UN shares. TD Securities raised InterRent Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$14.00 target price for the company in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their target price on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.00 in a research note on Wednesday, November 6th. National Bankshares raised their price objective on InterRent Real Estate Investment Trust from C$14.75 to C$15.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets lowered their target price on InterRent Real Estate Investment Trust from C$15.00 to C$14.00 in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$14.83.

InterRent Real Estate Investment Trust Trading Down 3.7 %

The stock has a market capitalization of C$1.49 billion, a PE ratio of -503.00 and a beta of 1.13. The firm has a 50 day moving average price of C$11.17 and a 200 day moving average price of C$11.97. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.0315 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 3.76%. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -1,900.00%.

InterRent Real Estate Investment Trust Company Profile

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.