CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$18.50

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target increased by BMO Capital Markets from C$18.00 to C$18.50 in a report issued on Wednesday, BayStreet reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets‘s price objective would indicate a potential upside of 0.87% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. National Bank Financial upgraded shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 price objective for the company in a research note on Wednesday, October 21st. Royal Bank Of Canada lifted their target price on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 19th. Finally, Raymond James Financial upped their target price on CT Real Estate Investment Trust from C$19.25 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CT Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$19.04.

CT Real Estate Investment Trust Stock Down 0.6%

Shares of CRT.UN traded down C$0.11 during midday trading on Wednesday, hitting C$18.34. The stock had a trading volume of 75,439 shares, compared to its average volume of 210,838. The company has a 50 day simple moving average of C$17.24 and a two-hundred day simple moving average of C$17.48. CT Real Estate Investment Trust has a twelve month low of C$15.70 and a twelve month high of C$18.95. The firm has a market cap of C$4.38 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings results on Monday, November 9th. The real estate investment trust reported C$0.39 earnings per share for the quarter. The firm had revenue of C$161.32 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. On average, analysts anticipate that CT Real Estate Investment Trust will post 1.17 EPS for the current year.

CT Real Estate Investment Trust Company Profile

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.