The stock of Investa Office Fund (ASX:IOF) is a huge mover today! The stock increased 3.04% or $0.13 on November 30, hitting $4.41. About 5.74 million shares traded hands or 328.36% up from the average. Investa Office Fund (ASX:IOF) has risen 3.76% since May 4, 2016 and is uptrending. It has underperformed by 1.46% the S&P500.
The move comes after 6 months positive chart setup for the $2.71 billion company. It was reported on Nov, 30 by Barchart.com. We have $4.59 PT which if reached, will make ASX:IOF worth $108.40M more.
More notable recent Investa Office Fund (ASX:IOF) news were published by: Reuters.com which released: “BRIEF-Investa Office Fund says ICPF confirmed to acquire 8.94 per cent sta…” on November 29, 2016, also Bloomberg.com with their article: “Dexus Adds Cash Distribution to Sweeten Investa Office Fund Deal” published on March 29, 2016, Bloomberg.com published: “Dexus’s $2.1 Billion Offer for Investa Office Fund Rejected” on April 14, 2016. More interesting news about Investa Office Fund (ASX:IOF) were released by: Smh.com.Au and their article: “Investa Office Fund battle intensifies” published on March 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 $2.71 billion. The Firm is an owner of investment grade office buildings. It has a 5.48 P/E ratio. It consists of Armstrong Jones Office Fund and Prime Credit Property Trust .
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