TD Securities Issues Positive Forecast for CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective hoisted by equities researchers at TD Securities from C$16.00 to C$16.50 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD Securities’ target price indicates a potential upside of 3.51% from the company’s previous close.

A number of other brokerages also recently issued reports on CRT.UN. National Bankshares lifted their price target on CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on CT Real Estate Investment Trust from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 11th. Desjardins lifted their price target on CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the company a “hold” rating in a report on Thursday, August 7th. Raymond James Financial lifted their price target on CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the company a “market perform” rating in a report on Thursday, August 7th. Finally, Scotiabank downgraded CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$16.50 to C$17.00 in a report on Tuesday. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$16.87.

CT Real Estate Investment Trust Stock Up 0.9%

Shares of TSE:CRT.UN traded up C$0.14 on Wednesday, reaching C$15.94. The company had a trading volume of 76,218 shares, compared to its average volume of 156,251. CT Real Estate Investment Trust has a 52-week low of C$13.42 and a 52-week high of C$16.83. The firm’s 50 day simple moving average is C$16.31 and its 200-day simple moving average is C$15.89. The firm has a market capitalization of C$3.79 billion, a PE ratio of 10.35, a PEG ratio of 0.76 and a beta of 0.92. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

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.