CT Real Estate Investment Trust (TSE:CRT.UN) Receives C$17.03 Average Price Target from Brokerages

CT Real Estate Investment Trust (TSE:CRT.UN) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$17.03.

Separately, Royal Bank Of Canada upped 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 research note on Monday, February 23rd.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN stock opened at C$16.24 on Friday. The business’s 50-day moving average price is C$16.81 and its 200-day moving average price is C$16.45. The firm has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.76 and a beta of 1.08. CT Real Estate Investment Trust has a 12 month low of C$13.42 and a 12 month high of C$17.39. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its earnings results on Thursday, March 19th. The real estate investment trust reported C$0.63 earnings per share (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 business had revenue of C$152.92 million during the quarter. Equities research analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current 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.