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 reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.05 and last traded at $7.05, with a volume of 52761 shares. The stock had previously closed at $7.11.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IIPZF. 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. Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

InterRent Real Estate Investment Trust Price Performance

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 firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -64.09 and a beta of 0.75. The company has a fifty day moving average price of $7.60 and a two-hundred day moving average price of $8.65.

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.