CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Cut to C$14.50

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target dropped by equities research analysts at Desjardins from C$15.00 to C$14.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price objective suggests a potential upside of 5.99% from the stock’s current price.

Separately, BMO Capital Markets upped their price target on CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$15.93.

CT Real Estate Investment Trust Stock Performance

Shares of TSE CRT.UN traded up C$0.16 during trading on Wednesday, reaching C$13.68. 64,559 shares of the stock traded hands, compared to its average volume of 132,180. CT Real Estate Investment Trust has a 52-week low of C$12.57 and a 52-week high of C$15.89. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.09 and a quick ratio of 0.10. The company has a 50-day moving average of C$13.72 and a 200-day moving average of C$14.00. The stock has a market capitalization of C$1.48 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95.

CT Real Estate Investment Trust Company Profile

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 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.