Edgefront Real Estate Investment Trust (TSE:NXR) Cut to “Hold” at Scotiabank

Edgefront Real Estate Investment Trust (TSE:NXR) was downgraded by equities researchers at Scotiabank from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Edgefront Real Estate Investment Trust Stock Performance

About Edgefront Real Estate Investment Trust

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.