InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Stock Price Down 0.5% – Here’s Why

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) shares were down 0.5% during mid-day trading on Monday . The company traded as low as $9.8032 and last traded at $9.8032. Approximately 122 shares were traded during trading, an increase of 828% from the average daily volume of 13 shares. The stock had previously closed at $9.85.

Analyst Ratings Changes

Separately, TD Securities cut InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

InterRent Real Estate Investment Trust Price Performance

The firm has a market cap of $1.37 billion, a P/E ratio of -19.22 and a beta of 0.92. The business has a 50-day simple moving average of $9.66 and a 200 day simple moving average of $9.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.18.

InterRent Real Estate Investment Trust Company Profile

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.