InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Reaches New 52-Week Low – Should You Sell?

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) hit a new 52-week low on Wednesday . The stock traded as low as $7.05 and last traded at $7.05, with a volume of 52761 shares trading hands. The stock had previously closed at $7.11.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Cibc World Mkts raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th.

InterRent Real Estate Investment Trust Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.04 billion, a P/E ratio of -64.09 and a beta of 0.75. The business’s fifty day moving average is $7.51 and its 200 day moving average is $8.62.

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.