Inovalis Real Estate Investment Trust (TSE:INO.UN) Upgraded to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Inovalis Real Estate Investment Trust (TSE:INO.UNGet Rating) from a hold rating to a buy rating in a report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has C$5.00 price objective on the stock, down from their prior price objective of C$7.00.

Several other analysts also recently commented on INO.UN. National Bankshares dropped their price objective on Inovalis Real Estate Investment Trust from C$7.25 to C$6.00 and set a sector perform rating on the stock in a research note on Wednesday, August 17th. BMO Capital Markets dropped their price target on Inovalis Real Estate Investment Trust from C$7.65 to C$5.25 in a research note on Wednesday, August 17th.

Inovalis Real Estate Investment Trust Stock Up 0.9 %

TSE:INO.UN opened at C$4.56 on Wednesday. Inovalis Real Estate Investment Trust has a 12-month low of C$4.32 and a 12-month high of C$10.43. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 81.47. The firm has a market capitalization of C$148.13 million and a P/E ratio of 24.00. The stock’s fifty day simple moving average is C$6.13 and its 200-day simple moving average is C$7.61.

Insider Transactions at Inovalis Real Estate Investment Trust

In other news, Director Marc Manasterski acquired 12,000 shares of Inovalis Real Estate Investment Trust stock in a transaction dated Wednesday, September 7th. The stock was bought at an average price of C$4.50 per share, for a total transaction of C$54,000.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately C$54,000.

About Inovalis Real Estate Investment Trust

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Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.

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