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

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target boosted by investment analysts at Raymond James Financial from C$19.25 to C$20.00 in a research report issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James Financial‘s target price would suggest a potential upside of 9.05% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. National Bank Financial upgraded shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 price objective on the stock in a report on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$19.04.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN traded down C$0.11 during midday trading on Wednesday, reaching C$18.34. The stock had a trading volume of 75,439 shares, compared to its average volume of 210,838. The stock has a market capitalization of C$4.38 billion, a P/E ratio of 9.56, a PEG ratio of 0.76 and a beta of 0.89. CT Real Estate Investment Trust has a 1-year low of C$15.70 and a 1-year high of C$18.95. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The firm’s fifty day simple moving average is C$17.24 and its 200-day simple moving average is C$17.48.

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 earnings per share for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. The company had revenue of C$161.32 million during the quarter. On average, equities research analysts forecast that CT Real Estate Investment Trust will post 1.17 EPS for the current fiscal 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.