Canadian Net R E Invt Uts (OTCMKTS:CNNRF – Get Free Report) declared a monthly dividend on Tuesday, August 18th. Shareholders of record on Thursday, October 15th will be given a dividend of C$0.03 per share on Friday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Thursday, October 15th.
Canadian Net R E Invt Uts Stock Performance
Shares of CNNRF opened at $4.43 on Tuesday. Canadian Net R E Invt Uts has a fifty-two week low of $3.73 and a fifty-two week high of $6.20. The company has a fifty day moving average of $4.77.
Analyst Ratings Changes
Several brokerages recently weighed in on CNNRF. National Bank Financial initiated coverage on Canadian Net R E Invt Uts in a research report on Monday, September 21st. They issued a “sector perform” rating on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Canadian Net R E Invt Uts in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Canadian Net R E Invt Uts Company Profile
Canadian Net Real Estate Investment Trust is a Canadian real estate investment trust focused on owning and managing income-producing commercial properties. The trust’s portfolio is primarily composed of necessity-based retail and service-oriented properties designed to generate recurring rental income.
Its properties serve a range of tenants, including retail, grocery, pharmacy, convenience, restaurant and other commercial operators. Canadian Net REIT generally seeks properties with established tenants and locations that benefit from consistent local demand.
The trust’s activities are concentrated in Canada, with a historical focus on commercial real estate in Quebec and Ontario.
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