InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Hits New 12-Month Low – Here’s Why

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $7.27 and last traded at $7.32, with a volume of 699 shares changing hands. The stock had previously closed at $7.27.

Wall Street Analysts Forecast Growth

IIPZF has been the topic of a number of recent analyst reports. TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Cibc World Mkts raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, 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.

InterRent Real Estate Investment Trust Price 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 company’s 50 day moving average price is $8.09 and its 200-day moving average price is $8.82. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -66.91 and a beta of 0.73.

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.