Raymond James Financial upgraded shares of Canadian REIT (TSE:REF.UN) from a market perform rating to an outperform rating in a research note issued to investors on Thursday. The firm currently has C$48.00 target price on the real estate investment trust’s stock.
Separately, Scotiabank downgraded Canadian REIT from an outperform rating to a sector perform rating and cut their price objective for the stock from C$52.50 to C$50.00 in a report on Monday, November 6th.
Canadian REIT (TSE:REF.UN) opened at C$44.79 on Thursday. The company has a market capitalization of $3,290.00, a PE ratio of 18.28 and a beta of 0.37. Canadian REIT has a twelve month low of C$44.21 and a twelve month high of C$50.71.
About Canadian REIT
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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