CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Target Raised at National Bank Financial

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective hoisted by National Bank Financial from C$18.75 to C$19.25 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial‘s price target would indicate a potential upside of 4.96% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial lifted their price target on shares of CT Real Estate Investment Trust from C$19.25 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of CT Real Estate Investment Trust from C$18.00 to C$18.50 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price objective on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, CT Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$19.04.

CT Real Estate Investment Trust Price Performance

CRT.UN stock traded down C$0.11 during mid-day trading on Wednesday, reaching C$18.34. 75,439 shares of the company’s stock were exchanged, compared to its average volume of 210,838. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. CT Real Estate Investment Trust has a 12-month low of C$15.70 and a 12-month high of C$18.95. The stock’s 50 day moving average is C$17.24 and its 200 day moving average is C$17.48. The company has a market cap of C$4.38 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its quarterly earnings data on Monday, November 9th. The real estate investment trust reported C$0.39 EPS for the quarter. The business had revenue of C$161.32 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. On average, research analysts expect that CT Real Estate Investment Trust will post 1.17 EPS for the current year.

CT Real Estate Investment Trust Company Profile

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.