InterRent Real Estate Investment Trust (TSE:IIP.UN) Sets New 12-Month High – Here’s Why

InterRent Real Estate Investment Trust (TSE:IIP.UNGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$13.52 and last traded at C$13.50, with a volume of 165995 shares. The stock had previously closed at C$13.49.

InterRent Real Estate Investment Trust Trading Up 0.5%

The firm’s fifty day simple moving average is C$13.06 and its 200 day simple moving average is C$13.22. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 391.79 and a beta of 0.54. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43.

InterRent Real Estate Investment Trust (TSE:IIP.UNGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported C($0.03) earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts forecast that InterRent Real Estate Investment Trust will post 0.7585335 EPS for the current fiscal year.

InterRent Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.0331 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 2.9%. InterRent Real Estate Investment Trust’s dividend payout ratio is presently 1,149.30%.

InterRent Real Estate Investment Trust Company Profile

(Get Free Report)

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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