InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Hits New 1-Year Low – Here’s What Happened

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s share price reached a new 52-week low on Friday . The company traded as low as $6.72 and last traded at $6.72, with a volume of 21195 shares trading hands. The stock had previously closed at $7.05.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IIPZF. 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. 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. Finally, Cibc World Mkts 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 Stock Performance

The stock has a 50 day simple moving average of $7.25 and a two-hundred day simple moving average of $8.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $991.20 million, a price-to-earnings ratio of -61.09 and a beta of 0.75.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last posted its earnings results on Monday, November 4th. The company reported ($0.37) EPS for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.81% and a negative net margin of 8.47%. The firm had revenue of $44.58 million for the quarter.

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.