Shares of CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) reached a new 52-week high during trading on Monday after Royal Bank Of Canada raised their price target on the stock from C$17.00 to C$18.00. Royal Bank Of Canada currently has a sector perform rating on the stock. CT Real Estate Investment Trust traded as high as C$17.22 and last traded at C$17.15, with a volume of 52170 shares changing hands. The stock had previously closed at C$16.96.
CRT.UN has been the topic of a number of other research reports. TD Securities increased their target price on 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. Scotiabank lowered CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$17.03.
Check Out Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Trading Up 1.9%
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.
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