Raymond James Financial Cuts CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$19.25

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report) had its target price reduced by research analysts at Raymond James Financial from C$19.75 to C$19.25 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Raymond James Financial’s target price points to a potential upside of 8.02% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Scotia increased their target price on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. TD raised their price target on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Finally, Desjardins boosted their price target on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of C$17.93.

View Our Latest Stock Analysis on CRT.UN

CT Real Estate Investment Trust Price Performance

Shares of TSE CRT.UN traded up C$0.14 on Wednesday, hitting C$17.82. The company’s stock had a trading volume of 361,705 shares, compared to its average volume of 199,370. CT Real Estate Investment Trust has a 12-month low of C$15.66 and a 12-month high of C$18.95. The company has a market capitalization of C$4.25 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The stock has a 50 day moving average of C$18.30 and a 200-day moving average of C$17.54.

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$156.71 million during the quarter. As a group, research analysts predict that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

About CT Real Estate Investment Trust

(Get Free Report)

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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