Inovalis Real Estate Investment Trust (OTCMKTS:IVREF) PT Lowered to C$9.00

Inovalis Real Estate Investment Trust (OTCMKTS:IVREF – Get Rating) had its price objective dropped by analysts at Canaccord Genuity Group from C$10.00 to C$9.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

Shares of OTCMKTS IVREF traded up $0.11 during midday trading on Wednesday, reaching $7.20. 1,050 shares of the company traded hands, compared to its average volume of 1,086. Inovalis Real Estate Investment Trust has a 52 week low of $6.74 and a 52 week high of $8.45. The stock has a 50-day moving average price of $7.65 and a 200-day moving average price of $7.61.

About Inovalis Real Estate Investment Trust (Get Rating)

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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