CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Expected to Rise, TD Analyst Says

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price boosted by investment analysts at TD from C$17.50 to C$18.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. TD’s target price indicates a potential upside of 2.33% from the company’s previous close.

Other analysts also recently issued reports about the stock. Raymond James Financial increased their price target on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a report on Wednesday. Royal Bank Of Canada raised their price objective 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 report on Monday, February 23rd. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$17.90.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock traded up C$0.05 during mid-day trading on Wednesday, reaching C$17.59. The company had a trading volume of 118,054 shares, compared to its average volume of 193,981. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a 52 week low of C$14.97 and a 52 week high of C$17.97. The company has a 50 day moving average of C$17.13 and a 200-day moving average of C$16.67. The firm has a market cap of C$4.19 billion, a price-to-earnings 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 earnings per share for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The firm had revenue of C$157.56 million during the quarter. On average, sell-side analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal 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.