InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock Price Down 0.2% - Time to Sell?

Key Points

• Shares traded down 0.2% to $9.779 with a dramatic volume spike — 3,194 shares traded vs. an average of 16 (about a 19,616% increase).
• TD Securities cut its rating from "strong‑buy" to "strong sell" on Jan. 16, and InterRent now has a consensus rating of "Sell".
• Fundamentals show a $1.37B market cap and a high P/E of 97.79, with weak liquidity (quick and current ratios of 0.18) and a debt/equity of 0.72; last quarter EPS was $0.09 on $44.75M revenue with a 7.3% net margin.

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) traded down 0.2% during trading on Monday . The stock traded as low as $9.7790 and last traded at $9.7790. 3,194 shares changed hands during trading, an increase of 19,616% from the average session volume of 16 shares. The stock had previously closed at $9.8032.

Analyst Ratings Changes

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

InterRent Real Estate Investment Trust Stock Down 0.2%

The stock has a 50 day moving average of $9.79 and a 200-day moving average of $9.64. The firm has a market capitalization of $1.37 billion, a P/E ratio of 97.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.18.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $44.75 million for the quarter. InterRent Real Estate Investment Trust had a return on equity of 0.79% and a net margin of 7.30%.

About InterRent Real Estate Investment Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.