TD Securities upgraded shares of Cominar REIT (TSE:CUF.UN) from a hold rating to a buy rating in a research report sent to investors on Monday morning, BayStreet.CA reports. TD Securities currently has C$16.00 target price on the real estate investment trust’s stock, up from their prior target price of C$13.50.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lifted their price objective on Cominar REIT from C$12.50 to C$14.00 and gave the stock a sector perform rating in a report on Tuesday, October 8th. CIBC lifted their price objective on Cominar REIT from C$14.00 to C$14.50 in a report on Monday, October 7th. National Bank Financial lifted their price objective on Cominar REIT from C$16.00 to C$17.00 and gave the stock an outperform rating in a report on Monday. Finally, BMO Capital Markets lifted their price objective on Cominar REIT from C$14.00 to C$15.50 in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cominar REIT currently has a consensus rating of Buy and an average target price of C$15.70.
Shares of Cominar REIT stock traded up C$0.32 during trading hours on Monday, hitting C$14.17. 345,782 shares of the company’s stock traded hands, compared to its average volume of 508,252. The company has a fifty day simple moving average of C$13.51 and a 200-day simple moving average of C$12.62. Cominar REIT has a 12-month low of C$10.41 and a 12-month high of C$14.26. The stock has a market capitalization of $2.58 billion and a price-to-earnings ratio of -12.28. The company has a debt-to-equity ratio of 122.93, a current ratio of 1.26 and a quick ratio of 0.39.
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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