CT Real Estate Investment Trust (TSE:CRT.UN) Hits New 12-Month High – Still a Buy?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) hit a new 52-week high on Friday . The company traded as high as C$16.97 and last traded at C$16.95, with a volume of 2953 shares. The stock had previously closed at C$16.77.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank downgraded shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$16.50 to C$17.00 in a research report on Tuesday, November 4th. TD Securities increased their target price on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$16.87.

CT Real Estate Investment Trust Trading Down 1.3%

The stock’s fifty day simple moving average is C$16.40 and its two-hundred day simple moving average is C$16.24. The firm has a market cap of C$3.98 billion, a PE ratio of 10.38, a PEG ratio of 0.76 and a beta of 1.03. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported C$0.41 EPS for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The firm had revenue of C$151.16 million for the quarter. On average, sell-side analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

About CT Real Estate Investment Trust

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.