Canadian REIT (REF.UN) PT Raised to C$55.00 at Raymond James Financial

Canadian REIT (TSE:REF.UN) had its price target hoisted by Raymond James Financial from C$48.00 to C$55.00 in a report issued on Friday, February 16th. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Scotiabank cut Canadian REIT from an outperform rating to a sector perform rating and dropped their price target for the company from C$52.50 to C$50.00 in a report on Monday, November 6th. National Bank Financial lowered their price objective on shares of Canadian REIT from C$49.50 to C$48.00 and set a sector perform rating on the stock in a research report on Tuesday, February 13th.

Shares of Canadian REIT (REF.UN) traded down C$0.22 during trading hours on Friday, reaching C$49.69. The company had a trading volume of 367,926 shares, compared to its average volume of 220,231. Canadian REIT has a 1 year low of C$42.67 and a 1 year high of C$52.35. The company has a market capitalization of $3,650.00, a PE ratio of 14.92 and a beta of 0.15.

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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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