Interrent Real Estate Investment Trust (TSE:IIP.UN – Free Report) had its price objective trimmed by TD Securities from C$15.00 to C$14.00 in a research report released on Wednesday, BayStreet.CA reports.
A number of other research firms have also recently weighed in on IIP.UN. Veritas Investment Research reissued a reduce rating on shares of Interrent Real Estate Investment Trust in a research note on Friday, March 1st. Cormark upped their target price on shares of Interrent Real Estate Investment Trust from C$15.25 to C$16.00 in a research note on Friday, March 15th. Raymond James upped their target price on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.25 and gave the company a strong-buy rating in a research note on Friday, March 1st. Royal Bank of Canada upped their target price on shares of Interrent Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an outperform rating in a research note on Friday, March 1st. Finally, CIBC upped their target price on shares of Interrent Real Estate Investment Trust from C$13.50 to C$15.00 and gave the company a neutral rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Interrent Real Estate Investment Trust currently has a consensus rating of Moderate Buy and an average price target of C$15.05.
Read Our Latest Stock Analysis on IIP.UN
Interrent Real Estate Investment Trust Stock Down 0.1 %
Interrent Real Estate Investment Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.0315 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.38 annualized dividend and a yield of 3.12%. Interrent Real Estate Investment Trust’s dividend payout ratio is currently 59.38%.
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.
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