CT Real Estate Investment Trust (TSE:CRT.UN) Receives Average Recommendation of “Hold” from Analysts

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$17.03.

CRT.UN has been the subject of several recent research reports. Scotiabank downgraded CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. Royal Bank Of Canada upped their target price 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. Finally, TD Securities increased their target price on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research report on Wednesday, November 5th.

CT Real Estate Investment Trust Price Performance

Shares of CT Real Estate Investment Trust stock traded up C$0.23 during mid-day trading on Monday, reaching C$17.19. 223,651 shares of the stock traded hands, compared to its average volume of 188,293. The stock has a market capitalization of C$4.09 billion, a PE ratio of 10.67, a PEG ratio of 0.76 and a beta of 1.03. The business has a 50-day moving average of C$16.57 and a 200 day moving average of C$16.33. CT Real Estate Investment Trust has a fifty-two week low of C$13.42 and a fifty-two week high of C$17.24. 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 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.