CT Real Estate Investment Trust (TSE:CRT.UN) Receives Consensus Rating of “Hold” from Analysts

CT Real Estate Investment Trust (TSE:CRT.UN) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$17.03.

Several equities research analysts have recently issued reports on CRT.UN shares. Scotiabank lowered shares of 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 target on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada boosted their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday.

CT Real Estate Investment Trust Stock Performance

Shares of TSE CRT.UN traded up C$0.23 during midday trading on Monday, reaching C$17.19. 223,651 shares of the stock were exchanged, compared to its average volume of 188,293. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$4.09 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.76 and a beta of 1.03. The firm has a 50-day simple moving average of C$16.57 and a two-hundred day simple moving average of C$16.33. CT Real Estate Investment Trust has a twelve month low of C$13.42 and a twelve month high of C$17.24.

About CT Real Estate Investment Trust

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.