InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Posts Quarterly Earnings Results

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) released its quarterly earnings results on Monday. The company reported ($0.52) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $44.75 million during the quarter. InterRent Real Estate Investment Trust had a negative net margin of 8.47% and a negative return on equity of 0.81%.

InterRent Real Estate Investment Trust Stock Performance

OTCMKTS:IIPZF opened at $6.95 on Tuesday. InterRent Real Estate Investment Trust has a twelve month low of $6.57 and a twelve month high of $10.01. The company has a market cap of $1.03 billion, a P/E ratio of -63.18 and a beta of 0.75. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $7.04 and its 200-day moving average price is $8.15.

Analyst Ratings Changes

Several research firms recently weighed in on IIPZF. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Cibc World Mkts raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

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.