CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$19.00

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) had its target price boosted by analysts at Raymond James Financial from C$18.75 to C$19.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Raymond James Financial’s target price would indicate a potential upside of 8.02% from the stock’s current price.

Separately, Royal Bank Of Canada increased their price objective on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$17.90.

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CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN traded up C$0.05 during trading hours on Wednesday, reaching C$17.59. 118,054 shares of the company’s stock traded hands, compared to its average volume of 193,981. CT Real Estate Investment Trust has a twelve month low of C$14.97 and a twelve month high of C$17.97. The business’s fifty day simple moving average is C$17.13 and its two-hundred day simple moving average is C$16.67. 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 firm has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.76 and a beta of 1.05.

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share for the quarter. The business had revenue of C$157.56 million during the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. Analysts predict that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Company Profile

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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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