CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Expected to Rise, Desjardins Analyst Says

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price upped by investment analysts at Desjardins from C$19.00 to C$19.50 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Desjardins‘s price objective would indicate a potential upside of 6.32% from the company’s current price.

A number of other research firms also recently commented on CRT.UN. Raymond James Financial boosted their price objective on CT Real Estate Investment Trust from C$19.25 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada raised their target price on 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. National Bank Financial lifted their target price on CT Real Estate Investment Trust from C$18.75 to C$19.25 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of CT Real Estate Investment Trust from C$18.00 to C$18.50 and gave the stock a “market perform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, CT Real Estate Investment Trust has a consensus rating of “Hold” and a consensus target price of C$19.04.

CT Real Estate Investment Trust Price Performance

Shares of TSE CRT.UN traded down C$0.11 during mid-day trading on Wednesday, reaching C$18.34. 75,439 shares of the company traded hands, compared to its average volume of 210,838. CT Real Estate Investment Trust has a fifty-two week low of C$15.70 and a fifty-two week high of C$18.95. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The firm has a market cap of C$4.38 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The stock has a fifty day simple moving average of C$17.24 and a 200-day simple moving average of C$17.48.

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

CT Real Estate Investment Trust Company Profile

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.