Inovalis Real Estate Investment Trust (INO.UN) Receives Average Recommendation of “Buy” from Analysts
Shares of Inovalis Real Estate Investment Trust (TSE:INO.UN) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$10.17.
A number of research firms recently issued reports on INO.UN. Dundee Securities upped their price target on shares of Inovalis Real Estate Investment Trust from C$9.75 to C$10.50 in a research note on Tuesday, August 16th. Desjardins reaffirmed a “hold” rating and set a C$10.00 price target on shares of Inovalis Real Estate Investment Trust in a research note on Monday. CIBC downgraded shares of Inovalis Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$10.50 to C$9.50 in a research note on Friday, November 18th. National Bank Financial increased their target price on shares of Inovalis Real Estate Investment Trust from C$9.75 to C$10.00 and gave the company a “sector perform” rating in a research note on Monday, November 21st. Finally, BMO Capital Markets set a C$10.50 target price on shares of Inovalis Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Monday, September 12th.
The business also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were paid a $0.0688 dividend. This represents a $0.83 annualized dividend and a yield of Infinity. The ex-dividend date was Thursday, October 27th.
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About Inovalis Real Estate Investment Trust
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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