InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Reaches New 12-Month Low – Time to Sell?

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $7.70 and last traded at $7.70, with a volume of 600 shares traded. The stock had previously closed at $7.76.

Analyst Ratings Changes

IIPZF has been the subject of several recent analyst reports. 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. Cibc World Mkts raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, TD Securities raised 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 Price Performance

The company has a market capitalization of $1.14 billion, a PE ratio of -70.00 and a beta of 0.78. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $8.83 and its 200-day moving average is $9.00.

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.