InterRent Real Estate Investment Trust (TSE:IIP.UN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

InterRent Real Estate Investment Trust (TSE:IIP.UN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.31 and traded as low as C$13.15. InterRent Real Estate Investment Trust shares last traded at C$13.23, with a volume of 85,989 shares changing hands.

InterRent Real Estate Investment Trust Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. The firm’s 50-day moving average is C$13.30 and its two-hundred day moving average is C$13.31. The stock has a market cap of C$1.85 billion, a price-to-earnings ratio of 383.10 and a beta of 0.46.

InterRent Real Estate Investment Trust (TSE:IIP.UN) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported C($0.03) earnings per share 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%.The company had revenue of C$60.89 million for the quarter. As a group, sell-side analysts expect that InterRent Real Estate Investment Trust will post 0.7585335 earnings per share for the current year.

InterRent Real Estate Investment Trust Announces Dividend

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 given a dividend of $0.0331 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is 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.