Canadian REIT (TSE:REF.UN) was downgraded by stock analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They presently have a C$50.00 target price on the real estate investment trust’s stock, down from their prior target price of C$52.50. Scotiabank’s price objective suggests a potential upside of 8.53% from the company’s previous close.

Separately, BMO Capital Markets raised shares of Canadian REIT from a “market perform” rating to an “outperform” rating and set a C$52.00 price target for the company in a research report on Tuesday, August 8th.

Canadian REIT (TSE REF.UN) traded down C$0.40 during midday trading on Monday, hitting C$46.07. 175,224 shares of the stock were exchanged, compared to its average volume of 77,203. Canadian REIT has a 1-year low of C$43.83 and a 1-year high of C$50.71.

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About Canadian REIT

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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