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

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

InterRent Real Estate Investment Trust Price Performance

Shares of InterRent Real Estate Investment Trust stock opened at $6.95 on Tuesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -63.18 and a beta of 0.75. InterRent Real Estate Investment Trust has a 52-week low of $6.57 and a 52-week high of $10.01. The company has a fifty day moving average of $7.04 and a 200-day moving average of $8.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19.

Analyst Ratings Changes

IIPZF has been the topic of a number of analyst reports. TD Securities upgraded 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 research note on Wednesday, November 6th. Finally, 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.

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.