Cominar REIT (CUF.UN) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Cominar REIT (TSE: CUF.UN):

  • 10/8/2019 – Cominar REIT had its price target raised by analysts at Royal Bank of Canada from C$12.50 to C$14.00. They now have a “sector perform” rating on the stock.
  • 10/7/2019 – Cominar REIT had its price target raised by analysts at National Bank Financial from C$15.00 to C$16.00. They now have an “outperform” rating on the stock.
  • 10/7/2019 – Cominar REIT had its price target raised by analysts at CIBC from C$14.00 to C$14.50.
  • 10/7/2019 – Cominar REIT had its price target raised by analysts at BMO Capital Markets from C$14.00 to C$15.50.

Shares of TSE:CUF.UN traded down C$0.16 during trading hours on Monday, hitting C$13.57. The stock had a trading volume of 419,966 shares, compared to its average volume of 508,252. The stock’s fifty day simple moving average is C$12.84 and its 200 day simple moving average is C$12.32. Cominar REIT has a 1-year low of C$10.41 and a 1-year high of C$13.46. The firm has a market capitalization of $2.47 billion and a price-to-earnings ratio of -12.81. The company has a debt-to-equity ratio of 124.07, a quick ratio of 0.26 and a current ratio of 0.82.

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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