Cominar REIT (TSE:CUF.UN) PT Lowered to C$8.50 at Royal Bank of Canada

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Cominar REIT (TSE:CUF.UN) had its price objective reduced by Royal Bank of Canada from C$9.50 to C$8.50 in a research report sent to investors on Monday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on CUF.UN. BMO Capital Markets lowered their price target on Cominar REIT from C$10.00 to C$8.00 in a research report on Monday, August 10th. Scotiabank lowered Cominar REIT from an outperform rating to a market perform rating and lowered their price target for the stock from C$9.75 to C$8.75 in a research report on Monday, August 10th. TD Securities lowered their price target on Cominar REIT from C$8.50 to C$8.00 and set a hold rating on the stock in a research report on Monday, August 10th. National Bank Financial lowered their price target on Cominar REIT from C$11.25 to C$10.25 in a research report on Friday, May 8th. Finally, CIBC lowered their price target on Cominar REIT from C$12.50 to C$9.75 in a research report on Monday, August 10th.

Shares of Cominar REIT stock opened at C$7.05 on Monday. The business’s 50 day simple moving average is C$7.89 and its 200 day simple moving average is C$9.66. Cominar REIT has a 52-week low of C$7.10 and a 52-week high of C$15.40. The firm has a market cap of $1.28 billion and a PE ratio of 2.77. The company has a debt-to-equity ratio of 114.17, a quick ratio of 0.31 and a current ratio of 0.43.

In other Cominar REIT news, Senior Officer Osvaldo Commisso bought 7,200 shares of Cominar REIT stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of C$7.04 per share, for a total transaction of C$50,688.00. Following the purchase, the insider now owns 32,938 shares of the company’s stock, valued at approximately C$231,883.52.

Cominar REIT Company Profile

Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Qu├ębec. 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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