InterRent Real Estate Investment Trust Upgraded to Strong-Buy

Canaccord Genuity Group announced on Tuesday that it has upgraded the rating of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) from a hold to a strong-buy. This change reflects analysts' increased confidence in the company's potential for growth and performance in the market.

Recent Performance of InterRent Real Estate Investment Trust

On Tuesday, InterRent Real Estate Investment Trust shares opened at $7.73. Over the past year, the stock has experienced fluctuations, reaching a low of $7.73 and a high of $10.14. The company's financial health shows a debt-to-equity ratio of 0.64, alongside a current ratio and quick ratio, both at 2.14. Additionally, the average price of the stock over the last 50 days is $9.19, while the 200-day average stands at $9.06. Currently, the market capitalization of InterRent is approximately $1.12 billion, with a price-to-earnings ratio of -70.27 and a beta of 0.76.

About InterRent Real Estate Investment Trust

InterRent?REIT is a growth-oriented real estate investment trust that focuses on enhancing Unitholder value. The company aims to achieve this by expanding its portfolio through the acquisition and management of multi-residential properties. InterRent strategically targets markets with stable vacancy rates and sufficient available units to support efficient portfolio management, thus creating opportunities for profitable acquisitions.

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