InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Issues Quarterly Earnings Results

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) issued its earnings results on Monday. The company reported ($0.52) earnings per share for the quarter, Zacks reports. InterRent Real Estate Investment Trust had a negative return on equity of 0.81% and a negative net margin of 8.47%. The business had revenue of $44.75 million for the quarter.

InterRent Real Estate Investment Trust Stock Up 0.8 %

Shares of OTCMKTS IIPZF opened at $7.01 on Wednesday. The firm has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $8.13. The firm has a market capitalization of $1.03 billion, a PE ratio of -63.69 and a beta of 0.75. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. InterRent Real Estate Investment Trust has a 12 month low of $6.57 and a 12 month high of $9.56.

Analyst Ratings Changes

Several research firms recently commented on IIPZF. TD Securities raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Cibc World Mkts upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

About InterRent Real Estate Investment Trust

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.