InterRent Real Estate Investment Trust (TSE:IIP.UN) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of InterRent Real Estate Investment Trust (TSE:IIP.UN) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$13.31 and traded as high as C$13.40. InterRent Real Estate Investment Trust shares last traded at C$13.40, with a volume of 262,155 shares traded.

InterRent Real Estate Investment Trust Stock Up 0.1%

The business’s 50 day moving average price is C$13.31 and its 200-day moving average price is C$13.32. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The firm has a market capitalization of C$1.87 billion, a PE ratio of -18.76 and a beta of 0.53.

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.