Agellan Commercial Real Estate Invtmt TR (ACR.UN) Price Target Raised to C$13.50

Agellan Commercial Real Estate Invtmt TR (TSE:ACR.UN) had its price objective upped by CIBC from C$12.75 to C$13.50 in a research note issued to investors on Wednesday morning.

Several other analysts have also recently issued reports on ACR.UN. Canaccord Genuity increased their target price on shares of Agellan Commercial Real Estate Invtmt TR to C$13.00 in a research note on Monday, May 7th. Royal Bank of Canada upgraded shares of Agellan Commercial Real Estate Invtmt TR from a sector perform rating to an outperform rating and set a C$12.50 target price on the stock in a research note on Tuesday, May 8th. Finally, Scotiabank increased their target price on shares of Agellan Commercial Real Estate Invtmt TR from C$12.00 to C$13.50 and gave the stock a sector perform rating in a research note on Tuesday, May 22nd.

TSE ACR.UN opened at C$13.89 on Wednesday. Agellan Commercial Real Estate Invtmt TR has a 1 year low of C$10.35 and a 1 year high of C$12.63.

About Agellan Commercial Real Estate Invtmt TR

Agellan Commercial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust (REIT). The objectives of the Company are to provide investors with stable, predictable and growing cash distributions on a tax-efficient basis; enhance the value of its assets and maximize long-term unit holder value through active management, and expand the asset base and increase its adjusted funds from operations (AFFO) per unit, including through acquisitions.

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