InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Passes Below 200-Day Moving Average – Here’s What Happened

InterRent Real Estate Investment Trust (TSE:IIP.UN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.30 and traded as low as C$13.15. InterRent Real Estate Investment Trust shares last traded at C$13.16, with a volume of 398,086 shares.

InterRent Real Estate Investment Trust Trading Up 0.2%

The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The company’s fifty day moving average is C$13.27 and its 200-day moving average is C$13.30. The stock has a market cap of C$1.84 billion, a PE ratio of 381.65 and a beta of 0.46.

InterRent Real Estate Investment Trust (TSE:IIP.UN) last issued its earnings results on Monday, May 4th. The real estate investment trust reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$60.89 million for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.06% and a negative net margin of 0.69%. On average, analysts predict that InterRent Real Estate Investment Trust will post 0.7585335 earnings per share for the current fiscal year.

InterRent Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a dividend of $0.0331 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. InterRent Real Estate Investment Trust’s payout ratio is currently 1,149.30%.

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.