InterRent Real Estate Investment Trust (TSE:IIP.UN) Hits New 52-Week High – Here’s What Happened

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) hit a new 52-week high on Wednesday . The stock 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 Stock Performance

The business has a fifty day simple moving average of C$13.05 and a 200-day simple moving average of C$13.22. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The firm has a market cap of C$1.89 billion, a P/E ratio of 390.92 and a beta of 0.54.

InterRent Real Estate Investment Trust (TSE:IIP.UN) last announced its earnings results on Monday, May 4th. The real estate investment trust reported C($0.03) EPS for the quarter. The business had revenue of C$60.89 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%. On average, sell-side analysts predict that InterRent Real Estate Investment Trust will post 0.7585335 EPS for the current fiscal year.

InterRent Real Estate Investment Trust Announces Dividend

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

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.