InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Reaches New 52-Week Low – Here’s Why

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.33 and last traded at $7.33, with a volume of 2951 shares traded. The stock had previously closed at $7.48.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IIPZF. TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Canaccord Genuity Group upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Down 2.0 %

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -67.97 and a beta of 0.73. The stock’s 50 day moving average is $8.41 and its 200 day moving average is $8.89.

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.