InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Crosses Above 50 Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemShares of InterRent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$13.32 and traded as high as C$13.35. InterRent Real Estate Investment Trust shares last traded at C$13.28, with a volume of 232,995 shares.
InterRent Real Estate Investment Trust Stock Down 0.2%
The company has a market cap of C$1.86 billion, a PE ratio of 100.42 and a beta of 0.42. The company’s 50 day moving average is C$13.32 and its 200 day moving average is C$13.31. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59.
InterRent Real Estate Investment Trust (TSE:IIP.UN – Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The real estate investment trust reported C$0.12 EPS for the quarter. The company had revenue of C$62.01 million for the quarter. InterRent Real Estate Investment Trust had a negative net margin of 0.69% and a negative return on equity of 0.06%. As a group, 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 declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a $0.0331 dividend. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 300.13%.
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.