Inovalis Real Estate Investment Trust (TSE:INO.UN) Price Target Raised to C$1.00

Inovalis Real Estate Investment Trust (TSE:INO.UN) had its price objective increased by Desjardins from C$0.85 to C$1.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Inovalis Real Estate Investment Trust Trading Down 5.6 %

Shares of TSE:INO.UN opened at C$0.84 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 100.22. Inovalis Real Estate Investment Trust has a 52-week low of C$0.76 and a 52-week high of C$1.46. The stock has a market cap of C$27.38 million, a price-to-earnings ratio of -0.40 and a beta of 1.78. The business has a 50-day moving average price of C$0.93 and a 200-day moving average price of C$0.94.

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.