InterRent Real Estate Investment Trust Receives Strong-Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group has upgraded shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold rating to a strong-buy rating in a recent report. This upgrade reflects the analysts' confidence in the company's potential for growth.

Recent Stock Performance

On Tuesday, shares of InterRent Real Estate Investment Trust opened at $7.73. The stock has a one-year low of $7.73 and a one-year high of $10.14. Currently, the company has a debt-to-equity ratio of 0.64, a current ratio of 2.14, and a quick ratio also at 2.14. Over the last 50 days, the stock's simple moving average is $9.19, while the 200-day simple moving average stands at $9.06. The market capitalization of the company is approximately $1.12 billion, and it has a price-to-earnings ratio of -70.27 with a beta of 0.76.

About InterRent Real Estate Investment Trust

InterRent REIT operates as a growth-oriented real estate investment trust focusing on increasing value for Unitholders and establishing a sustainable distribution stream through the acquisition and ownership of multi-residential properties. The company's strategy is centered around expanding its portfolio in markets that demonstrate stable vacancy rates and sufficient available units. This approach is designed to achieve the critical mass necessary for efficient portfolio management and to identify opportunities for favorable acquisitions.

InterRent, Investment, Stocks