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

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

Analyst Ratings Changes

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

InterRent Real Estate Investment Trust Trading Down 0.8 %

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -69.45 and a beta of 0.78. The business’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.