Inovalis Real Estate Investment Trust (INO.UN) Price Target Increased to C$10.00 by Analysts at National Bank Financial
Inovalis Real Estate Investment Trust (TSE:INO.UN) had its price objective boosted by National Bank Financial from C$9.75 to C$10.00 in a research note released on Monday. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts have also issued reports about the company. Dundee Securities lifted their price target on Inovalis Real Estate Investment Trust from C$9.75 to C$10.50 in a research report on Tuesday, August 16th. Desjardins dropped their target price on Inovalis Real Estate Investment Trust from C$10.50 to C$10.25 in a report on Tuesday, July 26th. CIBC downgraded Inovalis Real Estate Investment Trust from an outperform rating to a sector perform rating and dropped their target price for the stock from C$10.50 to C$9.50 in a report on Friday. Finally, BMO Capital Markets set a C$10.50 target price on Inovalis Real Estate Investment Trust and gave the stock an outperform rating in a report on Monday, September 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$10.21.
The firm also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were issued a dividend of $0.0688 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend was Thursday, October 27th.
Inovalis Real Estate Investment Trust Company Profile
Inovalis Real Estate Investment Trust (Inovalis REIT) is a Canada-based open-ended real estate investment trust (REIT). Inovalis REIT is formed for the purpose of acquiring and owning office properties primarily located in France and Germany and also in other European countries. It owns interest in over 11 properties, of which seven are owned by the REIT (Baldi, Courbevoie, Jeuneurs, Metropolitan, Sabliere and Vanves in France, Hanover in Germany) and four are held through partnerships with various global institutional funds (Arcueil in France, Bad Homburg, Cologne and Duisburg in Germany) comprising over 1,083,000 square feet of gross leasable area.
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