Invesque (TSE:IVQ.U) Reaches New 12-Month Low at $5.94

Shares of Invesque Inc (TSE:IVQ.U) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$5.94 and last traded at C$6.13, with a volume of 71777 shares trading hands. The stock had previously closed at C$6.23.

IVQ.U has been the subject of several research reports. National Bank Financial lowered their price objective on shares of Invesque from C$6.50 to C$6.25 and set a “sector perform” rating for the company in a research report on Monday, November 18th. CIBC decreased their price target on shares of Invesque from C$7.75 to C$7.25 in a research note on Monday, August 19th.

The stock has a market cap of $332.76 million and a price-to-earnings ratio of -9.40. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.74 and a current ratio of 0.98. The company has a 50-day simple moving average of C$6.94 and a two-hundred day simple moving average of C$6.91.

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.0614 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.74 dividend on an annualized basis and a yield of 12.00%. Invesque’s payout ratio is -113.32%.

Invesque Company Profile (TSE:IVQ.U)

Invesque Inc operates as a real estate investment company in Canada and the United States. The company invests in health care and senior living properties, such as post-acute transitional care, long-term care, memory care, assisted living, independent living, and medical office properties. As of December 31, 2018, it owns a portfolio of 98 health care and senior living properties.

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