Scotia Issues Positive Forecast for CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price hoisted by stock analysts at Scotia from C$17.00 to C$18.50 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotia’s price objective would indicate a potential upside of 5.17% from the company’s current price.

A number of other analysts have also commented on the stock. Raymond James Financial boosted their price objective on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research report on Wednesday. TD upped their price objective on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Royal Bank Of Canada upped their price objective on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$17.90.

CT Real Estate Investment Trust Stock Up 0.3%

CRT.UN traded up C$0.05 during trading on Wednesday, reaching C$17.59. The company had a trading volume of 118,054 shares, compared to its average volume of 193,981. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. CT Real Estate Investment Trust has a 12 month low of C$14.97 and a 12 month high of C$17.97. The business’s fifty day moving average price is C$17.13 and its 200 day moving average price is C$16.67. The company has a market cap of C$4.19 billion, a P/E ratio of 9.85, a PEG ratio of 0.76 and a beta of 1.05.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share for the quarter. The firm had revenue of C$157.56 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. Equities analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

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.