LB Securities Downgrades Cominar Real Estate Investment Trust to Hold (CUF.UN)
Cominar Real Estate Investment Trust (TSE:CUF.UN) was downgraded by analysts at LB Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, ARN reports.
A number of other analysts have also recently weighed in on CUF.UN. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Cominar Real Estate Investment Trust in a research note on Monday, March 3rd. They now have a C$21.00 price target on the stock, down previously from C$21.75. Analysts at RBC Capital cut their price target on shares of Cominar Real Estate Investment Trust from C$22.00 to C$20.00 in a research note on Monday, March 3rd. They now have a “sector perform” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$21.73.
The company also recently declared a Monthly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.12 per share. This represents a yield of 7.7%. The ex-dividend date of this dividend is Monday, April 28th.
Cominar Real Estate Investment Trust (TSE:CUF) is a closed-end investment trust.
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