Cominar Real Estate (CUF.UN) Gets a Buy Rating from BMO Capital

By Ryan Adsit

Yesterday, an analyst has provided a rating update for the Financial sector company, Cominar Real Estate (CUF.UNResearch Report). Analyst Jenny Ma from BMO Capital remains bullish on the stock and has a C$14.50 price target.

According to TipRanks.com, Ma is ranked #703 out of 5146 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cominar Real Estate with a C$14.50 average price target.

Based on Cominar Real Estate’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$64.65 million. In comparison, last year the company had a GAAP net loss of C$581 million.

Cominar Real Estate Investment Trust is a closed-end investment trust, which owns and manage commercial properties. It operates through the following segments: Office Properties, Retail Properties, Industrial and Mixed-Use Properties, and Cominar’s Proportionate Share. The company was founded by Jules Dallaire in 1998 and is headquartered in Quebec, Canada.

The company’s shares closed on Monday at C$11.70.