Ronald A. Leslie, a director at Interrent Real Estate Investment Trust (TSE: IIP.UN), put 7,000 of the company’s shares up for sale on the market and sold them on December 29. The stock was sold for a total value of $89,810.00 in Canadian dollars, with the average selling price per share being $12.83 in Canadian dollars. As a result, the director is now the direct owner of 76,826 shares of the company. These shares have an approximate value of 985,677.58 Canadian dollars and were acquired directly from the sale.
In addition, the business just announced that they would be paying a monthly dividend, which was paid out on December 9 and distributed the same day. On December 9, a dividend of $0.03 was distributed to shareholders who were on record as of the previous Friday. This is an increase from the previous monthly dividend for Interrent Real Estate Investment Trust, which was $0.05. The current amount is, therefore, an increase from that dividend. This results in a dividend payment of $0.36 per year and an investment yield of 2.81%. Tuesday, November 29, was the date that shareholders were required to pay taxes on this dividend. This date occurred in November. Currently, Interrent Real Estate Investment Trust’s dividend payout ratio is 15.84%. This number was obtained recently.
IIP.UN stock finished the trading day on Friday at 12.80 Canadian dollars, reflecting a drop of 0.05 Canadian dollars. As a result, it was only possible to trade 128,840 shares of the company’s stock, a significant decrease compared to the daily volume of 377,839 shares. The company’s market value is 1.81 billion Canadian dollars, and its price-to-earnings ratio is 5.98. The debt-to-equity ratio is 64.59, the quick ratio is 0.04, and the current ratio is 0.07. The moving average for the last 50 days of the company’s stock price is $12.23, and the moving average for the last 200 days is $12.22. During the last 12 months, the price of Interrent Real Estate Investment Trust has fluctuated between 10.79 and 17.32 Canadian dollars (CAD).
A variety of research and analyst studies have been compiled about the IIP.UN.CIBC lowered the price objective for Interrent Real Estate Investment Trust in a report published on Friday, November 11. The new price objective for the company is C$14.50, which is a decrease from the previous price objective of C$15.00, and the company was given a “neutral” rating. Interrent Real Estate Investment Trust was the subject of a research report issued by the Royal Bank of Canada on November 11, with a rating of “outperform” and a target price reduction from C$18.00 to C$16.50. The report was published on Friday. The subject of the report was Interrent Real Estate Investment Trust. In a report made public on Friday, November 11, Raymond James lowered its price target for Interrent Real Estate Investment Trust from C$16.25 to C$15.75. The previous price target was C$16.25. The analyst firm also gave the company an “outperform” rating. Finally, BMO Capital Markets lowered their price target on Interrent Real Estate Investment Trust from C$15.00 (Canadian) to C$14.50 (Canadian) in a research note published on Monday, November 14. The final and most significant adjustment was made here. Only one of the analysts has recommended that shareholders maintain their current holdings in the company, while the other four have given it a buy rating. According to information made available by Bloomberg.com, the stock is currently rated as having a consensus of “Moderate Buy,” and its price objective is currently positioned at a consensus of C$15.68.
InterRent REIT is a growth-oriented real estate investment trust that purchases and owns multi-family buildings to increase the value of its unitholders and create a flourishing and sustainable income. This is accomplished by increasing the number of properties it owns, which creates more rental opportunities. InterRent’s primary goal in expanding its portfolio is to expand in regions with stable market vacancies, sufficient suite supply, and opportunities for accretive acquisitions. This is the company’s primary focus for expanding its portfolio. Because of this, the company will be able to construct an efficient framework for managing its portfolios.