National Bankshares cuts Inovalis Real Estate Investment Trust (TSE:INO.UN) price target to C$5.00

Inovalis real estate investment fund (IS:INO.UNGet a rating) had its price target lowered by National Bankshares equity researchers from C$6.50 to C$5.00 in a research report released on Monday, BayStreet.CA reports. The National Bank share price target suggests an upside potential of 16.28% over the company’s current price.

A number of other research companies have also published reports on INO.UN. BMO Capital Markets cut its price target on shares of Inovalis Real Estate Investment Trust from C$7.65 to C$5.25 in a Wednesday, August 17 report. Canaccord Genuity Group downgraded shares of Inovalis Real Estate Investment Trust from a “hold” rating to a “buy” rating and lowered its price target for the company from C$7.00 to C$5.00 in a report on Wednesday, September 14.

Inovalis Real Estate Investment Trust Price Performance

Stock INO.UN traded at C$0.07 on Monday, reaching C$4.30. 45,448 shares of the company were traded, compared to its average volume of 130,344. Inovalis Real Estate Investment Trust has a 1-year low of C$4.07 and a 1-year high of C$10.43 THAT. The stock has a market cap of C$140.38 million and a price-to-earnings ratio of 22.58. The stock has a 50-day moving average of C$4.64 and a 200-day moving average of C$6.63. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt ratio of 81.47.

Insider buying and selling at Inovalis Real Estate Investment Trust

Separately, director Marc Manasterski acquired 12,000 shares of the company in a transaction on Wednesday, September 7. The shares were purchased at an average price of CA$4.50 per share, for a total transaction of CA$54,000.00. Following the purchase, the director now owns 12,000 shares of the company, valued at C$54,000.

Company Profile 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 SCPI was created with the aim of acquiring and holding office buildings mainly located in France and Germany but also opportunistically in other European countries where the assets meet the investment criteria of the SCPI.

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