InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock Rating Upgraded by Cibc World Mkts

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was upgraded by research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday.

InterRent Real Estate Investment Trust Trading Down 2.8 %

InterRent Real Estate Investment Trust stock opened at $7.73 on Wednesday. The stock has a market cap of $1.14 billion, a PE ratio of -70.27 and a beta of 0.78. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $9.19 and a 200 day moving average price of $9.06. InterRent Real Estate Investment Trust has a 52 week low of $7.73 and a 52 week high of $10.14.

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.