National Bank Financial Analysts Give CT Real Estate Investment Trust (TSE:CRT.UN) a C$16.50 Price Target
CT Real Estate Investment Trust (TSE:CRT.UN) has been given a C$16.50 target price by investment analysts at National Bank Financial in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s price target would suggest a potential upside of 14.66% from the stock’s current price.
CRT.UN has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on CT Real Estate Investment Trust from C$14.50 to C$15.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Raymond James reaffirmed a “hold” rating and issued a C$15.00 price target on shares of CT Real Estate Investment Trust in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CT Real Estate Investment Trust presently has an average rating of “Buy” and an average target price of C$15.70.
Shares of CRT.UN traded up C$0.14 during mid-day trading on Friday, reaching C$14.39. The company had a trading volume of 489,296 shares, compared to its average volume of 40,694. CT Real Estate Investment Trust has a 52-week low of C$11.26 and a 52-week high of C$14.91. The company has a quick ratio of 0.04, a current ratio of 0.10 and a debt-to-equity ratio of 84.53. The stock has a market capitalization of $1.38 billion and a P/E ratio of 36.52. The stock has a 50 day moving average of C$14.46 and a two-hundred day moving average of C$14.28.
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.
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