CT Real Estate Investment Trust (TSE:CRT.UN) Sets New 52-Week High at $16.67

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CT Real Estate Investment Trust (TSE:CRT.UN) reached a new 52-week high during trading on Thursday . The stock traded as high as C$16.67 and last traded at C$16.39, with a volume of 27328 shares traded. The stock had previously closed at C$16.43.

CRT.UN has been the topic of several recent research reports. CIBC raised their price objective on CT Real Estate Investment Trust from C$15.00 to C$15.50 in a research note on Wednesday, November 6th. Raymond James set a C$15.50 price objective on CT Real Estate Investment Trust and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. National Bank Financial raised their price objective on CT Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price objective on CT Real Estate Investment Trust from C$15.00 to C$15.50 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Scotiabank raised their price objective on CT Real Estate Investment Trust from C$15.75 to C$16.50 in a research note on Monday, January 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$16.00.

The firm has a 50 day moving average of C$15.89 and a 200-day moving average of C$15.02. The company has a market cap of $1.70 billion and a P/E ratio of 41.00. The company has a current ratio of 0.20, a quick ratio of 0.14 and a debt-to-equity ratio of 80.09.

About CT Real Estate Investment Trust (TSE:CRT.UN)

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.

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