InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sets New 12-Month High – Should You Buy?

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.93 and last traded at $9.93, with a volume of 861259 shares trading hands. The stock had previously closed at $8.56.

InterRent Real Estate Investment Trust Stock Up 16.0%

The stock has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $7.44. The firm has a market cap of $1.40 billion, a PE ratio of -90.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.81% and a negative net margin of 8.47%.

InterRent Real Estate Investment Trust Company Profile

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.