Raymond James Financial upgraded shares of Canadian REIT (TSE:REF.UN) from a market perform rating to an outperform rating in a research report sent to investors on Thursday morning. They currently have C$48.00 target price on the real estate investment trust’s stock.
Separately, Scotiabank lowered Canadian REIT from an outperform rating to a sector perform rating and lowered their target price for the company from C$52.50 to C$50.00 in a research note on Monday, November 6th.
Shares of Canadian REIT (REF.UN) traded up C$0.11 on Thursday, hitting C$44.79. The company’s stock had a trading volume of 154,828 shares, compared to its average volume of 80,742. The company has a market capitalization of $3,290.00, a price-to-earnings ratio of 18.28 and a beta of 0.37. Canadian REIT has a 52-week low of C$44.21 and a 52-week high of C$50.71.
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Canadian Real Estate Investment Trust (the Trust) is a real estate investment trust. The Trust’s primary business objective is to accumulate and aggressively manage a portfolio of real estate assets and deliver the benefits of such real estate ownership to its Unitholders. It operates in three segments: retail, industrial and office.
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