InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

InterRent Real Estate Investment Trust (TSE:IIP.UN)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$13.27 and traded as high as C$13.39. InterRent Real Estate Investment Trust shares last traded at C$13.35, with a volume of 191,671 shares changing hands.

InterRent Real Estate Investment Trust Trading Up 0.2%

The firm has a market capitalization of C$1.87 billion, a PE ratio of -18.69 and a beta of 0.68. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. The company has a fifty day moving average of C$13.27 and a 200-day moving average of C$13.31.

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.