InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock Rating Upgraded by TD Securities

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Cibc World Mkts raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Canaccord Genuity Group raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday.

InterRent Real Estate Investment Trust Stock Performance

Shares of InterRent Real Estate Investment Trust stock traded down $0.22 on Wednesday, reaching $7.73. 100 shares of the company traded hands, compared to its average volume of 351. The company has a 50 day moving average of $9.19 and a 200 day moving average of $9.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.14. InterRent Real Estate Investment Trust has a 52 week low of $7.73 and a 52 week high of $10.14. The firm has a market capitalization of $1.14 billion, a PE ratio of -70.27 and a beta of 0.78.

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.