Edgefront Real Estate Investment Trust (TSE:NXR) Rating Increased to Strong-Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Edgefront Real Estate Investment Trust (TSE:NXR) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Edgefront Real Estate Investment Trust Price 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. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality.