Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) dropped 0.6% during mid-day trading on Monday . The company traded as low as $8.00 and last traded at $8.00. Approximately 1,805 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 65,137 shares. The stock had previously closed at $8.05.
InterRent Real Estate Investment Trust Stock Performance
The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -74.36 and a beta of 0.82. The stock has a fifty day moving average price of $7.67 and a two-hundred day moving average price of $7.45. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65.
InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.10 earnings per share (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%.
About InterRent Real Estate Investment Trust
(
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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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