InterRent Real Estate Investment Trust Upgraded to Strong-Buy

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) has recently received a significant upgrade from Canaccord Genuity Group. The firm has changed its rating for InterRent from 'hold' to 'strong-buy', as reported by Zacks.com.

Current Stock Performance

As of Tuesday, InterRent's shares opened at $7.73. The stock has experienced fluctuations, recording a one-year low of $7.73 and a one-year high of $10.14. Investors will note that the company has a debt-to-equity ratio of 0.64. Moreover, the current and quick ratios both stand at 2.14, indicating a strong liquidity position. The 50-day simple moving average for the stock is $9.19, while the 200-day simple moving average is $9.06. Currently, InterRent's market capitalization is approximately $1.12 billion, with a price-to-earnings ratio of -70.27 and a beta of 0.76, suggesting lower volatility compared to the market.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a growth-oriented real estate investment trust focused on enhancing unitholder value and developing a sustainable distribution strategy. The trust primarily invests in multi-residential properties, emphasizing markets with stable vacancy rates and sufficient suites to achieve operational efficiency. The company’s strategic objectives include expanding its property portfolio and pursuing accretive acquisitions.

RealEstate, Stocks, Investment