InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sets New 12-Month High - Here's Why

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $9.94 and last traded at $9.94, with a volume of 300 shares changing hands. The stock had previously closed at $9.80.

InterRent Real Estate Investment Trust Price Performance

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's 50 day simple moving average is $8.18 and its 200-day simple moving average is $7.55. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -90.36 and a beta of 0.82.

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 EPS for the quarter. InterRent Real Estate Investment Trust had a negative net margin of 8.47% and a negative return on equity of 0.81%.

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.