CT Real Estate Investment Trust (TSE:CRT.UN) Reaches New 1-Year High - Should You Buy?

Key Points

• Shares of CT Real Estate Investment Trust hit a new 52-week high of C$17.48; Royal Bank of Canada raised its price target to C$18 while the consensus rating remains Hold with an average target of C$17.03.
• The REIT trades at a P/E of 9.79 with a market cap of C$4.16 billion and reported quarterly EPS of C$0.63, but it has very low liquidity (quick ratio 0.10/current ratio 0.11) and high leverage (debt-to-equity 75.45), raising financial risk.
• CT REIT generates the vast majority of revenue from leases to Canadian Tire, creating significant tenant concentration risk despite a healthy net margin of about 20.6%.

Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$17.48 and last traded at C$17.48, with a volume of 8579 shares traded. The stock had previously closed at C$17.35.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upped their price objective on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research report on Monday, February 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, CT Real Estate Investment Trust presently has a consensus rating of "Hold" and an average price target of C$17.03.

CT Real Estate Investment Trust Stock Performance

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 company's 50-day moving average is C$16.86 and its two-hundred day moving average is C$16.51. The company has a market capitalization of C$4.16 billion, a P/E ratio of 9.79, a PEG ratio of 0.76 and a beta of 0.98.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The real estate investment trust reported C$0.63 earnings per share for the quarter. The company had revenue of C$152.92 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. Equities analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

About CT Real Estate Investment Trust

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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