Royal Bank Of Canada Boosts CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$19.00

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target increased by research analysts at Royal Bank Of Canada from C$18.50 to C$19.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 4.05% from the company’s current price.

A number of other brokerages have also weighed in on CRT.UN. Raymond James Financial lowered their price objective on shares of CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a “market perform” rating for the company in a report on Wednesday, August 12th. Desjardins increased their target price on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Scotia lifted their target price on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, TD boosted their price target on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$18.06.

CT Real Estate Investment Trust Price Performance

Shares of TSE CRT.UN traded up C$0.28 during trading hours on Wednesday, reaching C$18.26. 95,586 shares of the stock traded hands, compared to its average volume of 202,598. The company has a market capitalization of C$4.37 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. 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$15.66 and a 52-week high of C$18.95. The company’s 50-day simple moving average is C$18.32 and its two-hundred day simple moving average is C$17.58.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The business had revenue of C$156.71 million during the quarter. Equities research analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Company Profile

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.