InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.52) earnings per share for the quarter, Zacks reports. 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
InterRent Real Estate Investment Trust stock opened at $6.95 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $1.03 billion, a PE ratio of -63.18 and a beta of 0.75. The company has a 50 day moving average price of $7.04 and a 200-day moving average price of $8.15. InterRent Real Estate Investment Trust has a fifty-two week low of $6.57 and a fifty-two week high of $10.01.
Analysts Set New Price Targets
IIPZF has been the topic of several recent analyst reports. Cibc World Mkts upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. 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. Finally, TD Securities raised shares of 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.
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