CT Real Estate Investment Trust (TSE:CRT.UN) Hits New 1-Year High – Here’s What Happened

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$16.99 and last traded at C$16.96, with a volume of 68841 shares traded. The stock had previously closed at C$16.68.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Scotiabank cut CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. TD Securities increased their price objective 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. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$16.87.

View Our Latest Analysis on CT Real Estate Investment Trust

CT Real Estate Investment Trust Price Performance

The firm has a fifty day moving average of C$16.49 and a 200 day moving average of C$16.29. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The company has a market capitalization of C$4.04 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.76 and a beta of 1.03.

About CT Real Estate Investment Trust

(Get Free Report)

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.

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