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

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target increased by equities research analysts at Scotia from C$17.00 to C$18.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotia’s target price would suggest a potential upside of 5.17% from the stock’s previous close.

Several other equities research analysts have also recently commented on CRT.UN. Royal Bank Of Canada lifted their price target on shares of 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, February 23rd. Raymond James Financial lifted their price target on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, TD lifted their price target on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average target price of C$17.90.

CT Real Estate Investment Trust Trading Up 0.3%

Shares of TSE:CRT.UN traded up C$0.05 during trading on Wednesday, hitting C$17.59. 118,054 shares of the company’s stock were exchanged, compared to its average volume of 193,981. CT Real Estate Investment Trust has a 1-year low of C$14.97 and a 1-year high of C$17.97. The firm has a 50-day moving average price of C$17.13 and a two-hundred day moving average price of C$16.67. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$4.19 billion, a P/E ratio of 9.85, a PEG ratio of 0.76 and a beta of 1.05.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The company had revenue of C$157.56 million during the quarter. Equities analysts predict that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

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.