InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Reaches New 52-Week Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

InterRent Real Estate Investment Trust Stock Performance

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 stock has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $8.62. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -64.09 and a beta of 0.75.

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.