CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Expected to Rise, TD Analyst Says

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price increased by stock analysts at TD from C$17.50 to C$18.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. TD’s target price points to a potential upside of 2.33% from the company’s previous close.

Several other brokerages have also commented on CRT.UN. Raymond James Financial increased their price target on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research note on Wednesday. Royal Bank Of Canada upped their price objective on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of “Hold” and a consensus target price of C$17.90.

CT Real Estate Investment Trust Stock Up 0.3%

Shares of CRT.UN traded up C$0.05 during mid-day trading on Wednesday, hitting C$17.59. 118,054 shares of the company’s stock were exchanged, compared to its average volume of 193,981. The firm has a fifty day moving average of C$17.13 and a two-hundred day moving average of C$16.67. CT Real Estate Investment Trust has a twelve month low of C$14.97 and a twelve month high of C$17.97. The stock has a market cap of C$4.19 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.76 and a beta of 1.05. 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 (TSE:CRT.UN) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The company had revenue of C$157.56 million for the quarter. On average, sell-side analysts forecast that CT Real Estate Investment Trust will post 1.1696833 earnings per share 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.