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

Canaccord Genuity Group upgraded shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

InterRent Real Estate Investment Trust Price Performance

Shares of OTCMKTS IIPZF traded up $0.06 during trading on Tuesday, hitting $7.95. The company had a trading volume of 200 shares, compared to its average volume of 773. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $9.07. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -72.27 and a beta of 0.76. 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.