The stock of Investa Office Fund (ASX:IOF) is a huge mover today! The stock increased 1.44% or $0.06 on November 18, hitting $4.24. About 2.49 million shares traded hands or 61.69% up from the average. Investa Office Fund (ASX:IOF) has risen 3.41% since April 22, 2016 and is uptrending. It has underperformed by 1.02% the S&P500.
The move comes after 6 months positive chart setup for the $2.64B company. It was reported on Nov, 18 by Barchart.com. We have $5.89 PT which if reached, will make ASX:IOF worth $1.03 billion more.
More notable recent Investa Office Fund (ASX:IOF) news were published by: Bloomberg.com which released: “Dexus Adds Cash Distribution to Sweeten Investa Office Fund Deal” on March 29, 2016, also Bloomberg.com with their article: “Dexus’s $2.1 Billion Offer for Investa Office Fund Rejected” published on April 14, 2016, Smh.com.Au published: “Investa Office Fund battle intensifies” on March 11, 2016. More interesting news about Investa Office Fund (ASX:IOF) were released by: Smh.com.Au and their article: “Investa Office Fund unit holder throws a punch” published on April 11, 2016 as well as Reuters.com‘s news article titled: “Australia’s Dexus eyes Investa Office Fund for $1.8 bln” with publication date: December 07, 2015.
Investa Office Fund is an externally managed real estate investment trust. The company has a market cap of $2.64 billion. The Firm is an owner of investment grade office buildings. It has a 5.27 P/E ratio. It consists of Armstrong Jones Office Fund and Prime Credit Property Trust .
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