Inovalis Real Estate Investment Trust (INO.UN) PT Set at C$10.50 by BMO Capital Markets
Inovalis Real Estate Investment Trust (TSE:INO.UN) received a C$10.50 target price from research analysts at BMO Capital Markets in a note issued to investors on Monday. The firm presently has a an “outperform” rating on the stock.
Several other research firms have also recently commented on INO.UN. Dundee Securities upped their target price on shares of Inovalis Real Estate Investment Trust from C$9.75 to C$10.50 in a research report on Tuesday, August 16th. Desjardins decreased their price objective on shares of Inovalis Real Estate Investment Trust from C$10.50 to C$10.25 in a report on Tuesday, July 26th. Finally, National Bank Financial increased their price objective on shares of Inovalis Real Estate Investment Trust from C$10.25 to C$10.50 and gave the company a “neutral” rating in a report on Friday, June 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$10.46.
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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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