InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Trading 0.2% Higher – Still a Buy?

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) rose 0.2% during mid-day trading on Monday . The company traded as high as $9.65 and last traded at $9.65. Approximately 76 shares changed hands during trading, a decline of 71% from the average daily volume of 259 shares. The stock had previously closed at $9.6261.

InterRent Real Estate Investment Trust Trading Up 0.2%

The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 321.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.20 and a current ratio of 0.20. The company’s 50 day simple moving average is $9.64 and its two-hundred day simple moving average is $9.63.

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

About InterRent Real Estate Investment Trust

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.