InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Raised to Strong-Buy at 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 report released on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Canaccord Genuity Group raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

InterRent Real Estate Investment Trust Stock Down 2.8 %

Shares of IIPZF stock traded down $0.22 during trading hours on Wednesday, reaching $7.73. The company had a trading volume of 100 shares, compared to its average volume of 351. The company has a market capitalization of $1.14 billion, a P/E ratio of -70.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.14 and a current ratio of 2.14. InterRent Real Estate Investment Trust has a twelve month low of $7.73 and a twelve month high of $10.14. The stock’s fifty day simple moving average is $9.19 and its 200 day simple moving average is $9.06.

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.