CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$19.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised CT REIT’s price target to C$19.00 from C$18.50 while maintaining a “sector perform” rating, implying roughly 4.05% upside.
• Analyst consensus remains cautious: all eight analysts rate the trust “Hold,” with an average target price of C$18.06.
• Shares traded at C$18.26, near the trust’s 12-month high of C$18.95. CT REIT reported quarterly EPS of C$0.45 and revenue of C$156.71 million.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its price target increased by research analysts at Royal Bank Of Canada from C$18.50 to C$19.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 4.05% from the stock's current price.

A number of other equities analysts have also commented on CRT.UN. Scotia raised their price objective on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a "sector perform" rating in a research report on Wednesday, May 13th. TD upped their target price on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a "hold" rating in a report on Wednesday, May 13th. Desjardins increased their target price on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a "hold" rating in a research note on Wednesday, May 13th. Finally, Raymond James Financial lowered their target price on shares of CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a "market perform" rating on the stock in a research note on Wednesday, August 12th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$18.06.

CT Real Estate Investment Trust Stock Performance

Shares of TSE:CRT.UN traded up C$0.28 during midday trading on Wednesday, reaching C$18.26. 95,586 shares of the company traded hands, compared to its average volume of 202,598. 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 has a 12 month low of C$15.66 and a 12 month high of C$18.95. The firm has a market capitalization of C$4.37 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The firm's fifty day moving average price is C$18.32 and its two-hundred day moving average price is C$17.58.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last issued its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. The business had revenue of C$156.71 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. On average, equities analysts expect that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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