InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Hits New 1-Year Low – What’s Next?

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $7.61 and last traded at $7.64, with a volume of 59961 shares changing hands. The stock had previously closed at $7.70.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Canaccord Genuity Group upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Cibc World Mkts upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Price Performance

The company has a market cap of $1.13 billion, a price-to-earnings ratio of -69.45 and a beta of 0.78. The company’s 50 day moving average price is $8.61 and its 200-day moving average price is $8.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.14 and a current ratio of 2.14.

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.