TD 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 increased by equities research analysts at TD from C$18.00 to C$18.50 in a research report issued on Wednesday, BayStreet reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. TD‘s price target would indicate a potential upside of 0.87% from the stock’s current price.

Several other research firms have also recently weighed in on CRT.UN. National Bank Financial boosted their price target on shares of 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. BMO Capital Markets upped their price objective 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. Royal Bank Of Canada increased their price objective on shares of 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. Raymond James Financial lifted their target price on shares of CT Real Estate Investment Trust from C$19.25 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Desjardins lifted their target price on shares of CT Real Estate Investment Trust from C$19.00 to C$19.50 and gave the stock a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, CT Real Estate Investment Trust has an average rating of “Hold” and an average price target of C$19.04.

CT Real Estate Investment Trust Stock Down 0.6%

CRT.UN traded down C$0.11 during mid-day trading on Wednesday, reaching C$18.34. 75,439 shares of the stock were exchanged, compared to its average volume of 210,838. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The stock has a market capitalization 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 company has a 50 day moving average price of C$17.24 and a two-hundred day moving average price of C$17.48. CT Real Estate Investment Trust has a 1 year low of C$15.70 and a 1 year high of C$18.95.

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