InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock Rating Upgraded by Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

InterRent Real Estate Investment Trust Stock Up 0.8 %

IIPZF traded up $0.06 on Tuesday, hitting $7.95. 200 shares of the company were exchanged, compared to its average volume of 773. The firm has a 50-day moving average price of $9.26 and a two-hundred day moving average price of $9.07. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.64. InterRent Real Estate Investment Trust has a twelve month low of $7.89 and a twelve month high of $10.14. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -72.27 and a beta of 0.76.

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.