Brokerages Set CT Real Estate Investment Trust (OTCMKTS:CTRRF) Price Target at $16.42

Shares of CT Real Estate Investment Trust (OTCMKTS:CTRRF) have been given an average recommendation of “Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.42.

CTRRF has been the topic of a number of recent research reports. Scotiabank increased their price target on CT Real Estate Investment Trust from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, February 11th. CIBC raised their price objective on CT Real Estate Investment Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, February 10th. TD Securities raised their price objective on CT Real Estate Investment Trust from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. BMO Capital Markets raised their price objective on CT Real Estate Investment Trust from $16.25 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, February 10th. Finally, Royal Bank of Canada raised their price objective on CT Real Estate Investment Trust from $15.50 to $16.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 10th.

Shares of CTRRF remained flat at $$12.89 during midday trading on Tuesday. CT Real Estate Investment Trust has a 1-year low of $8.72 and a 1-year high of $12.89. The firm has a 50-day moving average of $12.57 and a 200-day moving average of $11.94.

CT Real Estate Investment Trust Company Profile

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 350 properties totaling approximately 29 million square feet of GLA, consisting primarily of net leased single-tenant retail properties located across Canada.

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Analyst Recommendations for CT Real Estate Investment Trust (OTCMKTS:CTRRF)

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