Inovalis Real Estate Investment Trust’s (INO.UN) Outperform Rating Reiterated at BMO Capital Markets
Inovalis Real Estate Investment Trust (TSE:INO.UN)‘s stock had its “outperform” rating restated by BMO Capital Markets in a research report issued on Friday. They presently have a C$10.50 price objective on the stock.
INO.UN has been the topic of several other reports. Dundee Securities lifted their target price on shares of Inovalis Real Estate Investment Trust from C$9.75 to C$10.50 in a research note on Tuesday, August 16th. CIBC downgraded shares of Inovalis Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$10.50 to C$9.50 in a research note on Friday, November 18th. Finally, National Bank Financial lifted their target price on shares of Inovalis Real Estate Investment Trust from C$9.75 to C$10.00 and gave the stock a “sector perform” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$10.21.
The business also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were issued a $0.0688 dividend. This represents a $0.83 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend was Thursday, October 27th.
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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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