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 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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