CT Real Estate Investment Trust (TSE:CRT.UN) Given New C$18.00 Price Target at Royal Bank Of Canada

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective raised by Royal Bank Of Canada from C$17.00 to C$18.00 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on CRT.UN. Scotiabank cut shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$16.50 to C$17.00 in a research report on Tuesday, November 4th. TD Securities upped their price objective 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average target price of C$17.03.

CT Real Estate Investment Trust Stock Performance

Shares of TSE:CRT.UN opened at C$17.34 on Monday. The business’s fifty day moving average price is C$16.60 and its two-hundred day moving average price is C$16.34. CT Real Estate Investment Trust has a fifty-two week low of C$13.42 and a fifty-two week high of C$17.34. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.76 and a beta of 1.03. 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 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.