CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised its price target on CT Real Estate Investment Trust to C$18.50 from C$18.00, but maintained a “hold” rating; the target implies just 0.87% upside from the then-current price.
• Analyst views were mixed: the consensus rating was “hold” with an average target of C$19.04, while Raymond James and National Bank Financial assigned “outperform” ratings.
• Shares fell 0.6% to C$18.34 on Wednesday. The 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 TD from C$18.00 to C$18.50 in a research report issued on Wednesday, BayStreet reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. TD's price target would suggest a potential upside of 0.87% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Raymond James Financial upped their price objective 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 report on Wednesday. BMO Capital Markets raised their target price on CT Real Estate Investment Trust from C$18.00 to C$18.50 and gave the company a "market perform" rating in a research note on Wednesday. Desjardins boosted their target price on CT Real Estate Investment Trust from C$19.00 to C$19.50 and gave the company a "hold" rating in a research report on Wednesday. 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 stock a "sector perform" rating in a research note on Wednesday, August 19th. Finally, National Bank Financial upped their price target on CT Real Estate Investment Trust from C$18.75 to C$19.25 and gave the stock an "outperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, CT Real Estate Investment Trust currently has an average rating of "Hold" and a consensus target price of C$19.04.

CT Real Estate Investment Trust Stock Down 0.6%

Shares of CT Real Estate Investment Trust stock traded down C$0.11 during trading on Wednesday, reaching C$18.34. 75,439 shares of the company traded hands, compared to its average volume of 210,838. 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 1-year low of C$15.70 and a 1-year high of C$18.95. The company has a 50 day moving average price of C$17.24 and a 200-day moving average price of C$17.48. The firm has a market capitalization of C$4.38 billion, a PE ratio of 9.56, a P/E/G ratio of 0.76 and a beta of 0.89.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last issued its earnings results on Monday, November 9th. The real estate investment trust reported C$0.39 earnings per share (EPS) for the quarter. The business had revenue of C$161.32 million for 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, equities research analysts expect that CT Real Estate Investment Trust will post 1.17 earnings per share for the current fiscal 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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