TSX:INO.UN - Post by User
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SuperMon Apr 19, 2023 10:37am
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Post# 35402894
From Globe & Mail this AM
From Globe & Mail this AM Hi all, some decent upside on this stock and targets nowhere close to 2.40. Average 4.75.
SM
GLTA
Desjardins Securities’ Alexander Leon initiated coverage of Inovalis Real Estate Investment Trust (
) with a “hold” rating and $4.50 target. The average is $4.75.
“Main tenant departures, a 50-per-cent distribution cut and broader market volatility have contributed to INO’s units currently trading at a significant discount to historical valuations, resulting in an elevated 11.5-per-cent distribution yield,” the analyst said. “While we believe the distribution is sustainable, certain critical milestones need to be achieved before we become more constructive in our recommendation.”