Today’s Rating: Desjardins Securities Reconfirms a “Hold” Rating on Inovalis REIT (TSE:INO.UN) and $10.00 Target

November 28, 2016 - By Marie Mckinney

Inovalis REIT (TSE:INO.UN) Rating

Expert analysts at Desjardins Securities have $10.00 TP on Inovalis REIT (TSE:INO.UN). Desjardins Securities’s TP would indicate a potential upside of 7.07% from the company’s last price. The rating was disclosed to clients in a report on Monday morning.

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

Out of 4 analysts covering Inovalis REIT (TSE:INO.UN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $10.50 is the highest target while $9.50 is the lowest. The $10.25 average target is 10.10% above today’s ($9.31) stock price. Inovalis REIT has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. IBC downgraded the stock to “Sector Perform” rating in Friday, November 18 report. The company was maintained on Thursday, November 26 by National Bank Canada. Dundee Securities initiated Inovalis Real Estate Investment Trust (TSE:INO.UN) on Tuesday, August 4 with “Buy” rating. On Friday, November 25 the stock rating was maintained by BMO Capital Markets with “Outperform”.

About 15,630 shares traded hands. Inovalis Real Estate Investment Trust (TSE:INO.UN) has declined 4.40% since April 29, 2016 and is downtrending. It has underperformed by 10.42% 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 $195.52 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 6.43 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 important 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 Theglobeandmail.com published article titled: “The Globe and Mail”, Marketwired.com published: “Inovalis Real Estate Investment Trust Announces $40 Million Bought Deal Financing” on July 05, 2016. More interesting news about Inovalis Real Estate Investment Trust (TSE:INO.UN) was released by: Marketwired.com and their article: “Inovalis Real Estate Investment Trust Announces CDN$61 Million of Property …” with publication date: October 17, 2014.

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