InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $7.70 and last traded at $7.70, with a volume of 600 shares trading hands. The stock had previously closed at $7.76.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on IIPZF shares. 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. Canaccord Genuity Group raised shares of InterRent Real Estate Investment Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. 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 Report on InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust Stock Down 0.8 %
The firm has a market capitalization of $1.14 billion, a P/E ratio of -70.55 and a beta of 0.78. The company's 50-day simple moving average is $8.87 and its two-hundred day simple moving average is $9.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.14.
InterRent Real Estate Investment Trust Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider InterRent Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterRent Real Estate Investment Trust wasn't on the list.
While InterRent Real Estate Investment Trust currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
