InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

InterRent Real Estate Investment Trust Stock Up 0.8 %

Shares of IIPZF traded up $0.06 during mid-day trading on Tuesday, reaching $7.95. The company had a trading volume of 200 shares, compared to its average volume of 773. InterRent Real Estate Investment Trust has a 52 week low of $7.89 and a 52 week high of $10.14. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -72.27 and a beta of 0.76. The firm has a 50-day moving average price of $9.26 and a 200 day moving average price of $9.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.14 and a current ratio of 2.14.

About InterRent Real Estate Investment Trust

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.