Canadian REIT (TSE:REF.UN) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday. The brokerage currently has a C$52.00 target price on the real estate investment trust’s stock.

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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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