InnVest Real Estate Investment Trust Stock Rating Lowered by CIBC (INN.UN)
InnVest Real Estate Investment Trust (TSE:INN.UN) was downgraded by equities research analysts at CIBC from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, American Banking News.com reports.
A number of other firms have also recently commented on INN.UN. Analysts at TD Securities raised their price target on shares of InnVest Real Estate Investment Trust from C$4.00 to C$5.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of InnVest Real Estate Investment Trust in a research note to investors on Tuesday, December 17th. They set a “market perform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of InnVest Real Estate Investment Trust from C$4.00 to C$4.20 in a research note to investors on Friday, November 15th. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. InnVest Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$4.80.
The company also recently announced a Monthly dividend, which is scheduled for Monday, February 17th. Investors of record on Monday, February 17th will be paid a dividend of 0.0333 per share. This represents a dividend yield of 7.84%. The ex-dividend date is Wednesday, January 29th.
InnVest Real Estate Investment Trust (TSE:INN) is an unincorporated open-ended real estate investment trust (REIT).
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