InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Shares Down 0.5% – Here’s Why

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) traded down 0.5% during trading on Monday . The stock traded as low as $9.8032 and last traded at $9.8032. 122 shares were traded during trading, an increase of 828% from the average session volume of 13 shares. The stock had previously closed at $9.85.

Analyst Ratings Changes

Separately, TD Securities cut shares of InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

InterRent Real Estate Investment Trust Trading Down 0.5%

The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.37 billion, a PE ratio of -19.22 and a beta of 0.92. The stock’s 50 day moving average price is $9.66 and its 200-day moving average price is $9.61.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.