Innvest Reit Trust Units (INN.UN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Innvest Reit Trust Units (TSE:INN.UN) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock. Four analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$6.67.
INN.UN has been the topic of a number of recent analyst reports. TD Securities restated a “tender” rating and issued a C$7.25 price target on shares of Innvest Reit Trust Units in a report on Monday, August 22nd. Royal Bank Of Canada cut shares of Innvest Reit Trust Units from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 11th. RBC Capital Markets cut shares of Innvest Reit Trust Units from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 10th. Finally, Canaccord Genuity restated a “hold” rating on shares of Innvest Reit Trust Units in a report on Monday, July 11th.
Innvest Reit Trust Units Company Profile
InnVest Real Estate Investment Trust (InnVest) is an unincorporated open-ended real estate investment trust (REIT). The Company operates in hotel properties, franchise business and other real estate properties. As at March 14, 2012, InnVest owned a portfolio of 143 hotels across Canada representing approximately 19,000 guest rooms operated under franchise brands.
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