Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.71 and traded as low as $9.54. InterRent Real Estate Investment Trust shares last traded at $9.54, with a volume of 0 shares.
Wall Street Analyst Weigh In
Separately, TD Securities downgraded InterRent Real Estate Investment Trust from a "strong-buy" rating to a "strong sell" rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".
Get Our Latest Stock Analysis on IIPZF
InterRent Real Estate Investment Trust Trading Up 0.2%
The company has a market cap of $1.33 billion, a price-to-earnings ratio of 95.40 and a beta of 0.77. The firm has a 50-day moving average price of $9.71 and a 200 day moving average price of $9.62. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.70.
InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported $0.09 EPS for the quarter. The company had revenue of $44.75 million during the quarter. InterRent Real Estate Investment Trust had a return on equity of 0.80% and a net margin of 7.30%.
InterRent Real Estate Investment Trust Company Profile
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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.
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