InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Hits New 1-Year Low – Should You Sell?

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) hit a new 52-week low on Saturday . The stock traded as low as $9.10 and last traded at $9.10, with a volume of 6500 shares trading hands. The stock had previously closed at $9.65.

InterRent Real Estate Investment Trust Trading Down 5.7%

The firm has a 50 day moving average price of $9.61 and a two-hundred day moving average price of $9.63. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 303.33 and a beta of 0.77. The company has a quick ratio of 0.20, a current ratio of 0.32 and a debt-to-equity ratio of 0.73.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last released its earnings results on Monday, May 4th. The company reported $0.11 EPS for the quarter. InterRent Real Estate Investment Trust had a return on equity of 0.20% and a net margin of 1.81%.The business had revenue of $44.39 million during the quarter.

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.