Canadian REIT (REF.UN) Price Target Cut to C$48.00

Canadian REIT (TSE:REF.UN) had its price target lowered by investment analysts at National Bank Financial from C$49.50 to C$48.00 in a research report issued on Tuesday. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s price objective indicates a potential upside of 9.24% from the company’s previous close.

Several other research firms have also recently issued reports on REF.UN. Scotiabank cut shares of Canadian REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$52.50 to C$50.00 in a research report on Monday, November 6th. Raymond James Financial raised shares of Canadian REIT from a “market perform” rating to an “outperform” rating and set a C$48.00 target price on the stock in a research report on Thursday, January 11th.

Canadian REIT (REF.UN) traded up C$0.22 on Tuesday, hitting C$43.94. 110,134 shares of the company traded hands, compared to its average volume of 113,339. Canadian REIT has a twelve month low of C$42.67 and a twelve month high of C$50.71. The firm has a market capitalization of $3,220.00, a PE ratio of 17.93 and a beta of 0.29.

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Canadian REIT Company Profile

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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