CT Real Estate Investment Trust (TSE:CRT.UN) Stock Rating Upgraded by National Bank Financial

Key Points

• National Bank Financial upgraded CT REIT from “sector perform” to “outperform” and set a C$18.75 price target, implying 5.51% upside from the reported C$17.77 share price.
• Analyst sentiment remains mixed: Raymond James also upgraded the REIT, while the broader consensus is still “Hold,” with a C$18.25 average price target.
• CT REIT reported quarterly earnings of C$0.45 per share on C$156.71 million in revenue and owns 380 primarily Canadian retail properties totaling 32 million square feet.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) was upgraded by equities researchers at National Bank Financial from a "sector perform" rating to an "outperform" rating in a report issued on Wednesday, BayStreet reports. The firm presently has a C$18.75 price objective on the real estate investment trust's stock. National Bank Financial's price objective points to a potential upside of 5.51% from the stock's current price.

CRT.UN has been the topic of a number of other research reports. Raymond James Financial raised CT Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and set a C$19.25 target price on the stock in a research note on Friday, October 2nd. Royal Bank Of Canada increased 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 report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of "Hold" and a consensus price target of C$18.25.

CT Real Estate Investment Trust Trading Up 0.9%

TSE:CRT.UN traded up C$0.15 during mid-day trading on Wednesday, hitting C$17.77. 128,129 shares of the stock traded hands, compared to its average volume of 212,138. The stock has a market capitalization of C$4.25 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.76 and a beta of 0.96. CT Real Estate Investment Trust has a 52 week low of C$15.66 and a 52 week high of C$18.95. The firm's 50 day moving average is C$17.24 and its two-hundred day moving average is C$17.71. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share for the quarter. The company had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. On average, equities research 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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