Canaccord Genuity Downgrades Inovalis Real Estate Investment Trust (TSE:INO.UN) to Hold

Canaccord Genuity downgraded shares of Inovalis Real Estate Investment Trust (TSE:INO.UN) from a buy rating to a hold rating in a research note published on Tuesday, Analyst Ratings Network reports.

Separately, BMO Capital Markets upped their price objective on Inovalis Real Estate Investment Trust from C$9.00 to C$9.50 and gave the company a strong-buy rating in a research note on Monday, March 29th.

INO.UN opened at C$10.03 on Tuesday. The firm’s 50 day moving average is C$9.91. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 79.41. The stock has a market cap of C$324.98 million and a P/E ratio of -31.05. Inovalis Real Estate Investment Trust has a 52 week low of C$7.09 and a 52 week high of C$10.26.

About Inovalis Real Estate Investment Trust

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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