InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $6.72 and last traded at $6.72, with a volume of 21195 shares. The stock had previously closed at $7.05.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on IIPZF. Canaccord Genuity Group upgraded InterRent Real Estate Investment Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. 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. Finally, Cibc World Mkts 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.
Get Our Latest Stock Analysis on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Price Performance
The stock has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $8.39. The stock has a market capitalization of $1.03 billion, a P/E ratio of -63.18 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19.
InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.37) EPS for the quarter. The firm had revenue of $44.58 million during the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.81% and a negative net margin of 8.47%.
InterRent Real Estate Investment Trust Company Profile
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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.
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