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InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Hits New 1-Year High - Time to Buy?

InterRent Real Estate Investment Trust logo with Finance background

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.95 and last traded at $9.95, with a volume of 100 shares traded. The stock had previously closed at $9.93.

InterRent Real Estate Investment Trust Trading Down 0.1%

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -90.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19. The business has a fifty day moving average of $8.50 and a two-hundred day moving average of $7.65.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.10 earnings per share for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.81% and a negative net margin of 8.47%.

InterRent Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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