CT Real Estate Investment Trust (TSE:CRT.UN) Given New C$20.00 Price Target at Raymond James Financial

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target upped by stock analysts at Raymond James Financial from C$19.25 to C$20.00 in a report issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James Financial‘s price target suggests a potential upside of 9.05% from the company’s current price.

Several other research firms also recently weighed in on CRT.UN. National Bank Financial raised shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 price objective for the company in a report on Wednesday, October 21st. Royal Bank Of Canada raised their target price on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$19.04.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock traded down C$0.11 during mid-day trading on Wednesday, reaching C$18.34. The company’s stock had a trading volume of 75,439 shares, compared to its average volume of 210,838. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a twelve month low of C$15.70 and a twelve month high of C$18.95. The business has a 50 day moving average price of C$17.24 and a 200-day moving average price of C$17.48. The firm has a market cap of C$4.38 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.76 and a beta of 0.89.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings data on Monday, November 9th. The real estate investment trust reported C$0.39 EPS for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. The firm had revenue of C$161.32 million during the quarter. Sell-side analysts predict that CT Real Estate Investment Trust will post 1.17 EPS for the current fiscal year.

About CT Real Estate Investment Trust

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.