Cominar REIT (OTCMKTS:CMLEF) Shares Down 3.8%

Cominar REIT (OTCMKTS:CMLEF)’s stock price fell 3.8% during trading on Wednesday . The stock traded as low as $11.05 and last traded at $11.05, 107 shares traded hands during trading. A decline of 97% from the average session volume of 3,982 shares. The stock had previously closed at $11.48.

Several brokerages recently commented on CMLEF. TD Securities raised Cominar REIT from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Echelon Wealth Partners restated a “buy” rating and issued a $14.50 price target on shares of Cominar REIT in a research report on Wednesday, November 13th.

The company’s 50-day simple moving average is $11.15 and its 200-day simple moving average is $10.40.

About Cominar REIT (OTCMKTS:CMLEF)

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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