InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Reaches 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 stock 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 Upgrades and Downgrades

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

InterRent Real Estate Investment Trust Stock Up 0.7 %

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 market capitalization of $1.08 billion, a PE ratio of -66.09 and a beta of 0.73. The company has a fifty day moving average price of $8.23 and a 200-day moving average price of $8.85.

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.