Cominar REIT (TSE:CUF.UN) Stock Price Crosses Below 50 Day Moving Average of $12.06 – Rockland Register

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Shares of Cominar REIT (TSE:CUF.UN) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.06 and traded as low as $12.41. Cominar REIT shares last traded at $12.44, with a volume of 92,456 shares.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price target on Cominar REIT from C$14.50 to C$13.50 in a research note on Friday, March 8th. CIBC upgraded Cominar REIT from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$13.50 to C$14.00 in a research note on Friday, March 8th.

The firm has a market cap of $2.27 billion and a price-to-earnings ratio of -11.46. The company has a debt-to-equity ratio of 127.07, a quick ratio of 0.21 and a current ratio of 0.86. The firm has a 50 day moving average price of C$12.15.

Cominar REIT Company Profile (TSE:CUF.UN)

Cominar is one of the 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 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.

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