I
nterRent Real Estate Investment Trust (TSE:IIP.UN) announced a monthly dividend on December 31st, with shareholders of record set to receive $0.0331 per share on January 15th. This represents an annualized dividend of $0.40 and a yield of 3.94%. The ex-dividend date is December 31st, marking an increase from the previous monthly dividend of $0.03.

    Shares of IIP.UN traded down C$0.04 to C$10.09 on Friday, with a trading volume of 535,937 shares compared to its average volume of 390,386. The company has a market capitalization of C$1.49 billion and a P/E ratio of -504.50.

    Analysts have issued mixed forecasts for InterRent Real Estate Investment Trust's growth. National Bankshares raised their price target from C$14.75 to C$15.00 in October, while BMO Capital Markets decreased theirs from C$15.00 to C$14.00 in November. TD Securities upgraded the stock to a "buy" rating with a target price of C$14.00.

    The company has a 1-year low of C$9.92 and a 1-year high of C$14.50, with a debt-to-equity ratio of 63.59 and a quick ratio of 0.04. The 50-day simple moving average is C$10.90, while the 200-day simple moving average is C$11.88.

    InterRent Real Estate Investment Trust has a consensus rating of "Moderate Buy" among analysts, with a target price of C$14.92.