CT Real Estate Investment Trust (OTCMKTS:CTRRF) Receives $16.42 Average PT from Analysts


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CT Real Estate Investment Trust (OTCMKTS:CTRRF) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.42.

CTRRF has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on CT Real Estate Investment Trust from $16.25 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. CIBC boosted their target price on CT Real Estate Investment Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 10th. TD Securities boosted their target price on CT Real Estate Investment Trust from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Royal Bank of Canada boosted their price target on CT Real Estate Investment Trust from $15.50 to $16.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 10th. Finally, Desjardins boosted their price target on CT Real Estate Investment Trust from $14.50 to $15.50 and gave the company a “hold” rating in a research note on Thursday, February 11th.

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

About CT Real Estate Investment Trust

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.

Further Reading: What does an equal weight rating mean?

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

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