InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sets New 52-Week Low – Here’s What Happened

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 $7.27 and last traded at $7.32, with a volume of 699 shares changing hands. The stock had previously closed at $7.27.

Analyst Ratings Changes

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

InterRent Real Estate Investment Trust Trading Up 0.5 %

The firm has a market cap of $1.09 billion, a P/E ratio of -66.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a fifty day moving average of $8.09 and a 200-day moving average of $8.82.

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.