Rating of The Day: 12.42% to Target, BMO Capital Markets Keeps Outperform Rating for Inovalis REIT (TSE:INO.UN) Stock

November 25, 2016 - By Marie Mckinney

Inovalis REIT (TSE:INO.UN) Rating

They currently have a $10.50 TP on Inovalis REIT (TSE:INO.UN). BMO Capital Markets’s target would suggest a potential upside of 12.42% from the company’s previous stock close. This was disclosed to clients in analysts report on Friday morning.

Inovalis Real Estate Investment Trust (TSE:INO.UN) Ratings Coverage

Out of 3 analysts covering Inovalis REIT (TSE:INO.UN), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $10.50 is the highest target while $9.50 is the lowest. The $10.17 average target is 8.89% above today’s ($9.34) stock price. Inovalis REIT has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Dundee Securities initiated the stock with “Buy” rating in Tuesday, August 4 report. The rating was maintained by National Bank Canada with “Outperform” on Thursday, November 26. The stock has “Sector Perform” rating given by IBC on Friday, November 18.

It is down 3.71% since April 28, 2016 and is downtrending. It has underperformed by 9.12% the S&P500.

Inovalis Real Estate Investment Trust is a Canada open-ended real estate investment trust (REIT). The company has a market cap of $196.57 million. 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 has a 6.45 P/E ratio. 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.

More recent Inovalis Real Estate Investment Trust (TSE:INO.UN) news were published by: Reuters.com which released: “BRIEF-Inovalis Real Estate Investment Trust Q3 FFO per unit $0.22” on May 14, 2013. Also Marketwired.com published the news titled: “Inovalis Real Estate Investment Trust Announces $40 Million Bought Deal Financing” on July 05, 2016. Marketwired.com‘s news article titled: “Inovalis Real Estate Investment Trust Announces CDN$61 Million of Property …” with publication date: October 17, 2014 was also an interesting one.

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