Cominar Real Estate Investment Trust Receives Average Recommendation of “Hold” from Analysts (TSE:CUF.UN)
Cominar Real Estate Investment Trust (TSE:CUF.UN) has earned a consensus rating of “Hold” from the nine analysts that are covering the stock, American Banking News reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$21.73.
Several analysts have recently commented on the stock. Analysts at LB Securities downgraded shares of Cominar Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Monday. Separately, 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. Finally, 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.
The company also recently announced a Monthly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.12 per share. This represents a dividend yield of 7.7%. The ex-dividend date is Monday, April 28th.
Cominar Real Estate Investment Trust (TSE:CUF) is a closed-end investment trust.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.