CT Real Estate Investment Trust (TSE:CRT.UN) Rating Lowered to “Sector Perform” at Scotiabank

CT Real Estate Investment Trust (TSE:CRT.UN) was downgraded by equities researchers at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued on Tuesday,BayStreet.CA reports. They presently have a C$17.00 price objective on the real estate investment trust’s stock, up from their prior price objective of C$16.50. Scotiabank’s price target points to a potential upside of 7.73% from the stock’s current price.

A number of other research firms also recently commented on CRT.UN. Desjardins increased their price objective on shares of CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the company a “hold” rating in a report on Thursday, August 7th. National Bankshares raised their price target on shares of CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Raymond James Financial raised their price target on shares of CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, August 11th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of C$16.94.

CT Real Estate Investment Trust Stock Performance

Shares of TSE CRT.UN traded down C$0.38 during midday trading on Tuesday, reaching C$15.78. 294,920 shares of the stock were exchanged, compared to its average volume of 156,009. The firm has a market cap of C$3.75 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.76 and a beta of 0.92. CT Real Estate Investment Trust has a twelve month low of C$13.42 and a twelve month high of C$16.83. The firm has a 50-day simple moving average of C$16.32 and a two-hundred day simple moving average of C$15.88. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

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.