InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Upgraded by Cibc World Mkts to Strong-Buy Rating

Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Separately, 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.

InterRent Real Estate Investment Trust Stock Down 2.8 %

IIPZF opened at $7.73 on Wednesday. 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 12 month low of $7.73 and a 12 month high of $10.14. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -70.27 and a beta of 0.78. The business has a 50-day moving average of $9.19 and a two-hundred day moving average of $9.06.

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.