InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Upgraded at Canaccord Genuity Group

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was upgraded by Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

InterRent Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:IIPZF traded up $0.06 during trading on Tuesday, hitting $7.95. 200 shares of the stock were exchanged, compared to its average volume of 773. InterRent Real Estate Investment Trust has a 1-year low of $7.89 and a 1-year high of $10.14. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -72.27 and a beta of 0.76. The company’s fifty day simple moving average is $9.26 and its 200-day simple moving average is $9.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.14 and a current ratio of 2.14.

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.