Cominar REIT (TSE:CUF.UN) Reaches New 12-Month High at $13.36

Cominar REIT (TSE:CUF.UN) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$13.36 and last traded at C$13.34, with a volume of 78420 shares trading hands. The stock had previously closed at C$13.23.

Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Cominar REIT from C$13.50 to C$14.00 in a research note on Friday, August 9th. Royal Bank of Canada upped their price objective on shares of Cominar REIT from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th.

The stock has a market capitalization of $2.41 billion and a P/E ratio of -12.63. The firm’s 50 day moving average price is C$12.66 and its 200 day moving average price is C$12.24. The company has a debt-to-equity ratio of 124.07, a current ratio of 0.82 and a quick ratio of 0.26.

Cominar REIT Company Profile (TSE:CUF.UN)

Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.

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