CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Target Raised at National Bank Financial

Key Points

• National Bank Financial raised its price target on CT REIT from C$18.75 to C$19.25 and maintained an “outperform” rating, implying 4.96% upside from the then-current share price.
• Analyst views are mixed: the consensus rating is “Hold,” with a C$19.04 average price target; Raymond James set the highest target at C$20.00, while BMO and RBC maintained “perform” ratings.
• Shares fell C$0.11 to C$18.34 on Wednesday. In its latest quarterly report, CT REIT posted earnings of C$0.39 per share and revenue of C$161.32 million.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its target price upped by stock analysts at National Bank Financial from C$18.75 to C$19.25 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. National Bank Financial's price objective suggests a potential upside of 4.96% from the company's current price.

A number of other research firms also recently issued reports on CRT.UN. BMO Capital Markets lifted their price objective on CT Real Estate Investment Trust from C$18.00 to C$18.50 and gave the stock a "market perform" rating in a research note on Wednesday. Royal Bank Of Canada increased their target price 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 report on Wednesday, August 19th. Finally, Raymond James Financial increased their target price on 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 research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$19.04.

CT Real Estate Investment Trust Stock Performance

CRT.UN stock traded down C$0.11 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 stock has a market cap of C$4.38 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.76 and a beta of 0.89. CT Real Estate Investment Trust has a 12-month low of C$15.70 and a 12-month high of C$18.95. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The stock's 50-day simple moving average is C$17.24 and its 200 day simple moving average is C$17.48.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The real estate investment trust reported C$0.39 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$161.32 million during the quarter. 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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