Cominar REIT (CUF.UN) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Cominar REIT (TSE:CUF.UN) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$13.53.

A number of research analysts have recently commented on CUF.UN shares. Desjardins cut their target price on Cominar REIT from C$13.50 to C$12.00 in a research note on Monday, November 12th. TD Securities cut their target price on Cominar REIT from C$13.50 to C$12.50 in a research note on Monday, November 12th. Royal Bank of Canada cut their target price on Cominar REIT from C$13.50 to C$12.00 and set a “sector perform” rating on the stock in a research note on Monday, November 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$14.50 target price on shares of Cominar REIT in a research note on Monday. Finally, National Bank Financial cut their target price on Cominar REIT from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Tuesday.

CUF.UN opened at C$11.64 on Thursday. The company has a market cap of $2.12 billion and a PE ratio of -4.82. Cominar REIT has a one year low of C$11.84 and a one year high of C$14.95. The company has a current ratio of 1.03, a quick ratio of 0.36 and a debt-to-equity ratio of 112.30.

Cominar REIT Company Profile

Cominar is the second largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 429 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.

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Analyst Recommendations for Cominar REIT (TSE:CUF.UN)

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