Cibc World Mkts Upgrades InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) to “Strong-Buy”

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

Separately, 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 Stock Down 2.8 %

IIPZF stock opened at $7.73 on Wednesday. The business has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $9.06. The company has a market cap of $1.14 billion, a PE ratio of -70.27 and a beta of 0.78. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. InterRent Real Estate Investment Trust has a 52 week low of $7.73 and a 52 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.