InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on IIPZF. Canaccord Genuity Group raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Cibc World Mkts raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday.

InterRent Real Estate Investment Trust Stock Down 2.8 %

Shares of OTCMKTS IIPZF opened at $7.73 on Wednesday. The firm’s 50-day simple moving average is $9.19 and its 200 day simple moving average is $9.06. The company has a market cap of $1.14 billion, a price-to-earnings 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 12-month low of $7.73 and a 12-month 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.