CT Real Estate Investment Trust (TSE:CRT.UN) Receives C$17.03 Consensus PT from Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$17.03.

CRT.UN has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Monday. TD Securities lifted their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a report on Wednesday, November 5th. Finally, Scotiabank cut shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$16.50 to C$17.00 in a research report on Tuesday, November 4th.

CT Real Estate Investment Trust Stock Performance

Shares of TSE:CRT.UN opened at C$17.10 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$4.07 billion, a PE ratio of 10.61, a PEG ratio of 0.76 and a beta of 1.03. The company’s 50 day moving average price is C$16.64 and its two-hundred day moving average price is C$16.35. CT Real Estate Investment Trust has a 12-month low of C$13.42 and a 12-month high of C$17.39.

CT Real Estate Investment Trust Company Profile

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.