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

Key Points

• BMO Capital Markets raised its price target on CT Real Estate Investment Trust from C$18.00 to C$18.50, maintaining a “market perform” rating; the target implies 0.87% upside from the prior close.
• Analyst views are mixed but lean toward “Hold”: the consensus rating is Hold with an average target of C$19.04, while Raymond James set the highest cited target at C$20.00 and rated the units “outperform.”
• The units fell 0.6% to C$18.34 on Wednesday. CT REIT reported quarterly EPS of C$0.39 and revenue of C$161.32 million.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its price objective lifted by investment analysts at BMO Capital Markets from C$18.00 to C$18.50 in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a "market perform" rating on the real estate investment trust's stock. BMO Capital Markets's price objective points to a potential upside of 0.87% from the company's previous close.

CRT.UN has been the topic of several other research reports. Royal Bank Of Canada upped their price target on 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. National Bank Financial raised CT Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and set a C$18.75 price objective for the company in a report on Wednesday, October 21st. Finally, Raymond James Financial upped their target price on shares of CT Real Estate Investment Trust from C$19.25 to C$20.00 and gave the company an "outperform" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$19.04.

CT Real Estate Investment Trust Trading Down 0.6%

CRT.UN stock traded down C$0.11 during trading on Wednesday, hitting C$18.34. The company had a trading volume of 75,439 shares, compared to its average volume of 210,838. 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 50-day moving average price of C$17.24 and a 200-day moving average price of C$17.48. CT Real Estate Investment Trust has a 12 month low of C$15.70 and a 12 month high of C$18.95. The stock has a market cap of C$4.38 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.76 and a beta of 0.89.

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

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