InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Reaches New 52-Week Low – What’s Next?

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $7.05 and last traded at $7.05, with a volume of 52761 shares trading hands. The stock had previously closed at $7.11.

Analyst Ratings Changes

IIPZF has been the topic of a number of recent analyst reports. Cibc World Mkts upgraded 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 InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, TD Securities upgraded 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 Trading Down 0.8 %

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average is $7.60 and its 200 day moving average is $8.65. The stock has a market cap of $1.04 billion, a PE ratio of -64.09 and a beta of 0.75.

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.