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(DARRYL DYCK/THE CANADIAN PRESS)

Canaccord has a new favourite REIT, warns of higher cap rates

Inside the Market’s roundup of some of today’s key analyst actions. This post will be updated with more analyst commentary during the trading day.

Canadian Real Estate Investment Trust has become a new favourite of Canaccord Genuity.

Citing the REIT's conservative payout ratio, "prudent" development and acquisition strategy, and history of cash flow growth, Canaccord elevated the REIT to its "focus list" - a selection of its top investment ideas.