InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Raised to “Strong-Buy” at Canaccord Genuity Group

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

InterRent Real Estate Investment Trust Stock Up 0.8 %

Shares of OTCMKTS IIPZF traded up $0.06 during mid-day trading on Tuesday, reaching $7.95. 200 shares of the company traded hands, compared to its average volume of 773. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $1.16 billion, a PE ratio of -72.27 and a beta of 0.76. The company’s fifty day moving average is $9.26 and its two-hundred day moving average is $9.07. InterRent Real Estate Investment Trust has a fifty-two week low of $7.89 and a fifty-two week high of $10.14.

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.