Inovalis Real Estate Investment Trust (TSE: INO.UN) Reaches New 1-Year Low at $ 7.09


Inovalis Real Estate Investment Trust (TSE: INO.UN – Get Rating)’s stock price hit a new 52-week low during trading on Tuesday. The stock traded as low as C $ 7.09 and last traded at C $ 7.10, with a volume of 105510 shares trading hands. The stock had previously closed at C $ 7.23.

A number of analysts have recently weighed in on INO.UN shares. National Bankshares dropped their target price on shares of Inovalis Real Estate Investment Trust from C $ 9.50 to C $ 9.00 and set a “sector perform” rating for the company in a report on Monday, May 16th. BMO Capital Markets dropped their price objective on Inovalis Real Estate Investment Trust from C $ 10.00 to C $ 9.50 in a report on Thursday, March 24th. Finally, Canaccord Genuity Group decreased their target price on Inovalis Real Estate Investment Trust from C $ 9.00 to C $ 8.00 in a report on Tuesday, May 10th.

The stock has a market cap of C $ 231.05 million and a PE ratio of 8.31. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 78.02. The business has a fifty day simple moving average of C $ 8.23 ​​and a two-hundred day simple moving average of C $ 9.12.

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

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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